17 Hrs
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الاقتصادية
Germany plans to block Volkswagen closures
The German government is striving to prevent the closure of Volkswagen factories within Germany, with a focus on maintaining production sites and enhancing competitiveness, although the decision to shut down remains linked to the company's choices. It is noted that the company is considering a plan that could involve reducing 100,000 jobs and shutting down four plants in Germany, including locations in Hanover, Zwickau, Emden, and Nittendorf, as part of its largest restructuring in history, which is being discussed at the July 2026 meeting. Volkswagen faces pressures from declining demand, increasing competition, and rising costs.
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