The German trade union IG Metall has organized protests against Volkswagen's announced restructuring. Here, protesters are seen in front of one of the car manufacturer's factories in Zwickau on Thursday. Photo: Jens Schluter/Ritzau Scanpix
Volkswagen will shut down factories and cut 100,000 jobs
The board of Volkswagen has decided to further reduce its production capacity and number of models due to increasing pressure from Chinese competition and US import tariffs. This restructuring, the largest in Volkswagen’s 89-year history, could reportedly cost up to 100,000 jobs and lead to the...
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