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WOLFSBURG, Germany (Reuters) -Volkswagen plans to shut at least three factories in Germany, lay off tens of thousands of staff and shrink its remaining plants in Europe's biggest economy as it ...
The deal includes "socially responsible" job cuts of over 35,000 German factory workers by 2030. VW's New Union Deal Prevents German Factories from Closing Skip to main content
The domestic factory closures would be the first in Volkswagen’s 87-year history, and they lay bare the challenges facing Germany’s largest manufacturer. The plans are already facing pushback ...
Profits have also declined at Germany’s BMW and Mercedes-Benz thanks to the same pressures. Why are VW's proposed factory and job cuts a big deal in Germany? Volkswagen has 10 assembly and parts plants in Germany, where 120,000 of its 684,000 workers worldwide are based.
Volkswagen is weighing whether to close factories in Germany for the first time in its 87-year history as it moves to deepen cost cuts amid rising competition from China’s electric vehicle makers.
VW was considering closing up to three factories in Germany and had been calling on its workforce to accept a 10% pay cut. At the time, the union was calling for a 7% increase.
The Wolfsburg Volkswagen Plant is the worldwide headquarters of the Volkswagen Group. [1] Situated in Wolfsburg, Germany, it is one of the largest manufacturing plants in the world, with an area of just under 6.5 million m 2 (70 million sq ft) and a building area of 1.6 million m 2 (17 million sq ft). [2] In 2015 the plant produced 815,000 cars.
The Chattanooga plant opened 23 years after the closing of the Westmoreland Assembly Plant near New Stanton, Pennsylvania, in 1988. [11] The Westmoreland plant, which began operation in 1978, had been characterized by labor unrest and suffered from poor networking between Westmoreland and Volkswagen headquarters in then-West Germany.