Volkswagen labour chief sounds alarm on mass layoffs
WOLFSBURG, Germany - 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 plots a deeper-than-expected overhaul, the carmaker's works council head said.
"This is the plan of Germany's largest industrial group to start the sell-off in its home country of Germany," Cavallo added, not specifying which plants would be affected or how many of Volkswagen Group's roughly 300,000 staff in Germany could be laid off. Cavallo said Berlin needed to urgently develop a masterplan for German industry to ensure it does not "go down the drain".
Cavallo said there was agreement between workers and the board regarding the nature of the problems the carmaker, and many of its European peers, faces, ranging from a slower-than-expected electric transition to fierce competition from Chinese carmakers entering Europe.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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