Skip to Content

Volkswagen aims to cancel a no-layoffs pledge and won’t rule out closing plants in Germany

AP Business Writer

FRANKFURT, Germany (AP) — Volkswagen says it’s not getting the cost reductions that it needs – and won’t rule out plant closings in its home country Germany. CEO Oliver Blume is also saying the company needs to end its job protection promise in effect since 1994 which bars layoffs through 2029. Germany’s industrial union and VW’s top employee representative have sharply criticized the possibility.

Article Topic Follows: AP National News

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content