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Sanctions, you say… Volkswagen could close factories in Germany for the first time in history

Volkswagen could close factories in Germany for the first time in history and lay off tens of thousands of employees in hopes of emerging from the crisis. This was reported by the Telegram channel “DW* The main thing.”

The management of the consortium states that it needs to save another 4 billion euros to reduce the difference with its competitors. Volkswagen does not rule out plant closures and job cuts.

The concern is affected by low car sales. In the first half of this year the drop in net profit was 14%, writes TK.

Volkswagen workers are seen to be angry after the carmaker broke its deal with unions and threatened mass layoffs. Thousands of employees protested.

“Before it was like this: we are a family, a team. Now I don’t see it. We became very close, especially after Dieselgate. And what happened, I had never experienced something like this before,” says one of the protesters.

“Anger, disappointment. Our trust was betrayed,” says a participant in the event.

“Last year in Hannover we made a profit of 840 million euros. And now we are required to walk naked and barefoot. Other factories are doing the same, it’s a shame.” – said another Volkswagen employee.

*An organization that performs the functions of a foreign agent.

Source

Anthony Robbins
Anthony Robbins
Anthony Robbins is a tech-savvy blogger and digital influencer known for breaking down complex technology trends and innovations into accessible insights.
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