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Source: الاقتصادية
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Volkswagen faces protests from employees over a plan to cut up to 140,000 jobs, including the closure of four factories in Germany and a company restructuring. This comes amid pressures from Chinese competition, rising U.S. tariffs, and declining demand in Europe. CEO Oliver Blume is holding meetings with staff to discuss the plan, which involves reducing investments by 15% over five years and separating the brand from independent units. The plan depends on the support of unions and the government, while the company's shares have fallen to their lowest level in 16 years.
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