Volkswagen's consideration of plant closures and job cuts in Germany has caused criticism from politicians, labor unions, and the VW works council. The company aims to save €10 billion by 2026, but an additional €4 billion is needed.
VW's management cites the challenging European auto market and Germany's lack of competitiveness. The potential closures would impact 120,000 German jobs, including the Emden plant.
Experts view this as the start of a broader transformation in the German auto industry. The VW works council and labor unions have vowed to resist the plan.
The flawed ownership structure, with Lower Saxony holding a 20% stake, has hindered VW's progress. The warning has sparked concern among employees and the local communities, as the closures would have significant economic consequences.
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