German automotive company Volkswagen may close factories, cut employees pay
epa11696232 Numerous new cars are parked at the car terminal 'Duisport logport', in Duisburg, Germany, 01 November 2024. Germany?s largest carmaker Volkswagen has informed its workforce that it may close three factories dedicated to its core Volkswagen brand in Germany and reduce employee wages, according to company's workers council. This announcement sets the stage for a potentially prolonged dispute with unions representing around 120,000 German workers. EPA/CHRISTOPHER NEUNDORF
