Volkswagen Group is reportedly considering closing up to four German factories and cutting around 45,000 more jobs, on top of 50,000 already…
Volkswagen Group is considering closing as many as four factories in Germany and cutting its workforce by roughly 15 percent, according to a report in Manager Magazin that Reuters has since confirmed.
VW Group is not a single car company.
Closing a German VW plant is not a routine business decision.
The immediate window is about confirmation and reaction rather than final decisions.
Read the complete breakdown, fixes and what happens next.