Volkswagen could close factories in Germany for the first time in its 87-year history

Carmaker Volkswagen is considering mass layoffs and factory closures in Germany for the first time in its 87-year history amid a serious risk of falling into deficit, DW reported. Volkswagen Group Works Council Chair Daniela Cavallo issued a letter to employees on Monday warning that the company’s flagship brand is in danger of becoming unprofitable […]

Volkswagen could close factories in Germany for the first time in its 87-year history
Volkswagen factory shut downCarmaker Volkswagen is considering mass layoffs and factory closures in Germany for the first time in its 87-year history amid a serious risk of falling into deficit, DW reported. Volkswagen Group Works Council Chair Daniela Cavallo issued a letter to employees on Monday warning that the company’s flagship brand is in danger of becoming unprofitable […]