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Volkswagen has announced plans to close three German car factories, lay off thousands of German workers and cut salaries by 10%.
The deal includes "socially responsible" job cuts of over 35,000 German factory workers by 2030.
VW was considering closing up to three factories in Germany and had been calling on its workforce to accept a 10% pay cut. At the time, the union was calling for a 7% increase.
Volkswagen has 10 assembly and parts plants in Germany, where 120,000 of its 684,000 workers worldwide are based. As Europe’s largest carmaker, the company is a symbol of the country’s consumer prosperity and economic growth after World War II. It has never closed a German factory before.
Volkswagen agreed a monumental deal with the powerful IG Metall union in December, which prevented the closure of German factories while reducing production capacity in those factories.
Volkswagen plans to close at least three factories in Germany, lay off tens of thousands of staff and downsize remaining plants in the country, the company’s employee group said Monday.
The German Volkswagen Group is the largest automaker in the world as of 2015. [1] As of 2019 [ref] , it has 136 production plants, and employs around 670,000 people around the world who produce a daily output of over 26,600 motor vehicles and related major components, for sale in over 150 countries.
This category contains links to the global manufacturing plants and factories of the German automotive industry concern, Volkswagen Group. These factories may be utilised by one or more marques of the Group, including Volkswagen Passenger Cars, Audi, SEAT, Škoda, Lamborghini, Bentley, Bugatti, or Volkswagen Commercial Vehicles.