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Volkswagen will close three factories in Germany

2024-10-28 16:07:49, Kosova & Bota CNA

Volkswagen will close three factories in Germany

Volkswagen has notified workers' representatives that it wants to close at least three factories in Germany, the company's workers' council president, Daniela Cavallo, said Monday.

Cavallo said in a meeting with Volkswagen workers at the company's Wolfsburg headquarters that management also aims to cut jobs at other factories, German news agency DPA reported.

She said that "all VW factories are affected by these plans. No one is safe."

The company has not given details about its plans. But the chief of staff, Gunnar Kilian, said in a statement that "the fact is that the situation is serious and the responsibility of the negotiating partners is extremely great", DPA reported.

Volkswagen said in early September that changes in the auto industry meant the company could not rule out closing factories in the country and that it would be forced to drop a pledge to protect jobs that has been in place since 1994 and expected to remain so until 2029.

Volkswagen chief executive Oliver Blume cited competitors, Germany's deteriorating position as a manufacturing country and the need to "act decisively".

"Without comprehensive measures to restore competition, we will not be able to make large investments in the future," said Kilian.

European automakers are facing stiff competition from cheap Chinese electric cars.

Volkswagen said last month that the company's six-month results show it will not meet its 10 billion euro target in cost savings by 2026.

Volkswagen has 120,000 workers in Germany, where it has 10 factories./ REL





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