German automotive company Volkswagen may close some factories, cut employees pay
epaselect epa11720598 Numerous new cars are parked at a car logistics terminal in Essen, Germany, 14 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 the 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
