{"id":119667,"date":"2024-10-29T11:55:45","date_gmt":"2024-10-29T04:55:45","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=119667"},"modified":"2024-10-29T11:55:45","modified_gmt":"2024-10-29T04:55:45","slug":"for-the-first-time-in-87-year-history-volkswagen-may-close-factories","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=119667","title":{"rendered":"For the First Time in 87-Year History, Volkswagen May Close Factories"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\"><a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/09\/10\/business\/volkswagen-labor-layoffs-germany.html\" title=\"\">Volkswagen<\/a> could shut down as many as three factories in Germany and lay off tens of thousands of workers as it seeks to regain its edge in Europe amid slumping sales and increased <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/01\/01\/business\/byd-2023-sales.html\" title=\"\">competition from China<\/a>, the company\u2019s top employee representative said Monday.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The closures would be the first in the 87-year history of the company, Germany\u2019s largest employer, and would be a further blow to the country\u2019s already <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/01\/18\/world\/europe\/german-economy-standstill.html\" title=\"\">stagnant economy<\/a>.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The representative, Daniela Cavallo, who leads the council representing the company\u2019s employees in Germany, told a gathering of workers at Volkswagen\u2019s home plant in Wolfsburg that the proposed closures were part of a plan that managers had presented to the works council.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The company \u201cwants to close at least three VW factories, downsize all remaining plants, divest itself of core areas and, on top of that, realize heavy pay cuts for the remaining employees,\u201d she said.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Volkswagen is also considering cutting the work force at the plants in Germany that would remain open, Ms. Cavallo said, adding, \u201cIn concrete terms, this means taking out even more products, volumes, shifts and entire assembly lines far beyond to what we have already done.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Volkswagen is the flagship brand of the Volkswagen Group, which also includes Audi and Porsche.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">No other company in Germany carries the same weight <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/10\/09\/business\/volkswagen-german-economy.html\" title=\"\">as Volkswagen<\/a>. Its history is intertwined with the country\u2019s economic and industrial prowess of the post-World War II era, and local economies of entire regions across the country depend on Volkswagen and its well-paid workers.<\/p>\n<div class=\"css-1336jj\">\n<div class=\"css-121kum4\">\n<div class=\"css-asuuk5\"><noscript><\/p>\n<div class=\"css-7axq9l\" data-testid=\"optimistic-truncator-noscript\"><svg width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" aria-hidden=\"true\" class=\"css-1b5b8u1\"><path fill=\"currentColor\" fill-rule=\"evenodd\" d=\"M2.5 12a9.5 9.5 0 1 1 19 0 9.5 9.5 0 0 1-19 0Zm8.5 1.75v-7.5h2v7.5h-2Zm0 2v2h2v-2h-2Z\" clip-rule=\"evenodd\"\/><\/svg><\/p>\n<div data-testid=\"optimistic-truncator-noscript-message\" class=\"css-6yo1no\">\n<p class=\"css-3kpklk\">We are having trouble retrieving the article content.<\/p>\n<p class=\"css-3kpklk\">Please enable JavaScript in your browser settings.<\/p>\n<\/div>\n<\/div>\n<p><\/noscript><\/p>\n<div class=\"css-1dv1kvn\" id=\"optimistic-truncator-a11y\" tabindex=\"-1\">\n<hr\/>\n<p>Thank you for your patience while we verify access. 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