Volkswagen plans to cut 100,000 jobs and close German plants
Volkswagen plans to eliminate up to 100,000 jobs and close four factories in Germany as part of a restructuring plan aimed at boosting competitiveness and reducing costs by €11 billion by the end of the decade. The closed factories include Audi's plant in Neckarsulm, Volkswagen's plants in Hanover, Zwickau, and Emden. The company is also considering separating component factories and the Volkswagen brand's operations to improve efficiency.
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