Volkswagen may close its factories in Germany for the first time in history
️Volkswagen may close its factories in Germany for the first time in history
Germany as a place to do business is increasingly lagging behind in terms of competitiveness,
— admitted the company’s CEO Oliver Blume.
Volkswagen is considering the idea of closing two large factories, as well as canceling wage agreements, Bloomberg reports. In this way, the company wants to reduce its costs, but this could lead to a serious clash with trade unions.
In addition, the closure of factories will once again show the problems in German industry, which will deal a new blow to the Scholz government.
Source: Cyberspec News
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