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Volkswagen considers layoffs and pay cuts to avoid Germany factory closures

ArenaEV
Volkswagen is reportedly planning a series of drastic measures to cut expenses. These include potential layoffs of tens of thousands of workers, salary reductions of at least 10%, to avoid the closure of up to three factories in Germany. This news comes as a blow to Volkswagen’s workforce, who recently staged a protest at the company’s Wolfsburg headquarters. Understandably, employees… Read more…

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