Automotive & Parts #volkswagen#factory closures
Volkswagen considers 4 German factory closures, 1 lakh job cuts amid China competition and US tariffs: Report
Volkswagen is considering closing four factories in Germany and increasing job cuts to up to 1,00,000, according to Reuters. The proposals, to be discussed on July 9, are part of a massive restructuring driven by competitive pressure from Chinese automakers and weak demand. More than 45,000 additional jobs could be affected, adding to 50,000 planned layoffs.
Jun 26, 2026 1 source