Volkswagen plans 100,000 job cuts and four plant closures, breaking union deal
Reuters reports that Volkswagen is planning to cut up to 100,000 jobs and close four German production plants, marking the largest restructuring in the company's 89-year history. The plans directly contradict an agreement the automaker signed with trade unions in 2024. The scale of the cuts signals deep financial trouble for one of Europe's biggest manufacturers.
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