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Rising costs: Volkswagen to close at least three plants in Germany

Freedom Online by Freedom Online
October 28, 2024
in Breaking News, Business
0
Volkswagen

Volkswagen

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German automotive giant, Volkswagen, has planned to close at least three plants in Germany and cut tens of thousands of jobs, head of the group’s works council said Monday.

This follows the company’s communication of these plans to employees.

All Volkswagen plants in Germany would be affected by these plans, with remaining locations also expected to downsize, Daniela Cavallo has confirmed.

She shared this information at an employee event in Wolfsburg, Volkswagen’s headquarters, though no further details were provided, according to the German Press Agency.

Volkswagen

Volkswagen operates 10 plants for its main brand in Germany, employing around 120,000 people.

The company announced in early September that plant closures and mass layoffs can no longer be ruled out to cope with rising costs.

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© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.