The German trade union IG Metall has organized demonstrations against Volkswagen's announced restructuring. Protesters are seen here in front of one of the automaker's factories in Zwickau on Thursday. Photo: Jens Schluter/Ritzau Scanpix
Volkswagen to close factories and offer fewer models
Volkswagen’s board has decided to further reduce production capacity and the number of models due to rising pressure from Chinese competition and US import tariffs. According to sources cited by Reuters, this restructuring could cost 100,000 jobs. The announcement led to protests by employees...
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