AssetID: 54259440
Headline: Volkswagen to Close Multiple German Plants Amid Major Restructuring
Caption: Volkswagen is planning to close at least three factories in Germany and cut tens of thousands of jobs as part of a major restructuring effort. Daniela Cavallo, head of VW's works council, announced that the remaining plants in Germany will also face downsizing due to rising labor and energy costs.
Keywords: Current Affairs & Politics,Volkswagen,planning,close,closures,plants,factories,Germany,cut,tens,thousands,jobs,multiple,workers,Daniela Cavallo,head,VW,works council,serious,rising labor,energy,costs,downsizing,300.000,negotiations,unions,competition,Asia,demand,shift,electric,vehicles,proposals,wage talks
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