Volkswagen plans to close three German car factories, lay off thousands of German workers and cut salaries by 10% for those ...

Volkswagen plans to close at least three factories in Germany, lay off tens of thousands of staff and downsize remaining ...

Volkswagen asked its workers to take a 10% pay cut on Wednesday, arguing it was the only way that Europe's biggest carmaker ...

The spectre of deindustrialisation has long haunted Germany. Russia’s full-scale invasion of Ukraine in 2022 caused energy ...

For the first time ever, Volkswagen plans to shut the doors to a facility on its home turf. The company plans to close not ...

Other plans include outsourcing jobs away from Germany and an across-the-board 10% pay cut. Labor leaders said strikes were ...

A brutal price war, sudden shifts in consumer demand and human rights issues in Xinjiang have left VW stumbling in a market ...

The auto maker’s top employee representative told workers that management planned to shutter three German factories to cut ...

The German company’s layoffs and pay cuts are a warning to America about Biden-Harris climate policies.

Volkswagen’s preferred shares rose 0.7% as of 11:50 a.m. in Frankfurt trading, with some analysts describing the results as better than feared following two profit warnings in the span of three months ...

The domestic factory closures would be the first in Volkswagen’s 87-year history, and they lay bare the challenges facing Germany’s largest manufacturer. The plans are already facing pushback ...