Home » Business » “Volkswagen” will close several factories in Germany. Tens of thousands of jobs will be eliminated

“Volkswagen” will close several factories in Germany. Tens of thousands of jobs will be eliminated

At the same time, the activity of the rest of the company’s factories in Germany will be reduced.

Daniela Cavallo, head of the “Volkswagen” committee, said that the automaker’s restructuring measures will affect all factories in Germany.

At the same time, the company proposed to reduce employee salaries by 10%, although the trade union “IG Metall” had previously requested a 7% increase in employee salaries.

On Monday, IG Metall also strongly criticized the Volkswagen plant closure, saying it was “like a stab in the hearts of Volkswagen’s hard-working employees.”

In total, there are ten production sites in Germany and employ around 120,000 people.

In September, “Volkswagen” suspended the agreement with workers in Germany, which does not allow forced layoffs until the end of 2029. This agreement was valid since 1994. Now the company is able to eliminate jobs, starting from mid-2025.

Also, the company said at the beginning of September that it needs a major restructuring to maintain its competitiveness, and is considering the possibility of closing production facilities for the first time in its 87-year history. in the country.

2024-10-28 12:14:00
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