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The closing of the Volkswagen factory hit the German economy

The German car giant Volkswagen is on the verge of an unprecedented crisis. The company is considering closing factories in Germany, which would mean a struggle against the powerful unions and a blow to the country’s industrial fabric.

The decision, which would mark the end of a historic 30-year deal guaranteeing job security for workers, targets the Volkswagen brand, whose performance has been affected by the move to electric vehicles. , with the reduction in consumption and the increasing capacity.

The possible closures, unprecedented in the company’s 87-year history, indicate a critical situation. CEO Oliver Blume, who is also the boss of Porsche, has said that the economic environment has become “more difficult” and that Germany is losing competitiveness.

Source: Mission Truth

VTV/JR/CP

2024-09-04 01:14:07
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