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Home.forex news reportVolkswagen considers first German factory closure in 87-year history

Volkswagen considers first German factory closure in 87-year history

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The German auto giant risks a confrontation with its powerful works council as it contemplates a massive ramp-up in cost reductions that would significantly affect its headcount.
Volkswagen is struggling with a slow EV transition and falling consumer demand in Europe. Since last year, the carmaker…



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