Volkswagen to Initiate Significant Layoffs and Close at Least Three German Plants, According to Works Council Leader

Volkswagen is undergoing a significant restructuring plan that includes the closure of at least three factories in Germany, resulting in substantial layoffs and a permanent downsizing of its remaining facilities. This move marks a major shift for the company, which is Europe’s largest automaker. Daniela Cavallo, head of Volkswagen’s works council, communicated the gravity of...