International Companies

Volkswagen no longer ruling out plant closures, scraps job security agreement

By Iain Gilbert

Date: Monday 02 Sep 2024

(Sharecast News) - German automotive giant Volkswagen warned on Monday that it would no longer be able to rule out plant closures across the country amid major cost-cutting efforts to "future-proof" the firm.
"The European automotive industry is in a very demanding and serious situation," said chief executive Oliver Blume. "The...

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