This post was originally published on this site
Volkswagen is planning closure of at least three of its plants in Germany. It has also planned mass layoffs that could affect tens of thousands of staff and shrink its remaining plants in Europe’s biggest economy. The plant closure and mass layoffs is as it plots a deeper-than-expected overhaul, as per company’s works council head, on Monday.
(Image Credit: volkswagen-automobile-berlin)
Volkswagen, Europe’s biggest carmaker has been negotiating for weeks with unions over plans to revamp its business and cut costs. This includes plan for closures of