Volkswagen planning mass layoffs – workers’ council chief ...News

The carmaker also plans to shut down at least three factories in Germany in a bid to lower costs, according to its Works Council head Volkswagen is looking to significantly reduce its workforce in Germany and shut down several factories in the country, amid a major overhaul aimed at lowering costs and increasing return on sales, the head of the carmaker’s Works Council has announced. Daniela Cavallo explained to employees in Wolfsburg on Monday that Volkswagen management is “absolutely serious” about the plans and that the move is “not saber-rattling in the collective bargaining round,” Reuters reported. Throughou

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