Volkswagen is considering a major restructuring that could result in up to 100,000 job cuts worldwide and the closure of four factories in Germany.
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Volkswagen Faces Crisis and May Close Factories in Germany for the First Time in 87 Years
Volkswagen is facing a major financial crisis, and as it seeks to save $11.1 billion by 2026, closing two factories in Germany—something unprecedented in its 87-year history—is being considered.
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