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German Automaker Volkswagen Mulls Shutting Factories at Home, Here’s Why
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Volkswagen is Shutting factories in Germany | German Volkswagen Production News | Volkswagen German Production
For the first time in its 87 years of operation, German automotive giant Volkswagen could close production sites in Germany. Troubled Volkswagen also threatens further job cuts after its savings plans stalled due to rising costs that have cut into profits. "In the current situation, even plant closures can no longer be ruled out," Volkswagen told its employees. What led to these drastic steps by a bluechip company? Watch!
#volkswagen #automobile #businessnews
Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you.
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For the first time in its 87 years of operation, German automotive giant Volkswagen could close production sites in Germany. Troubled Volkswagen also threatens further job cuts after its savings plans stalled due to rising costs that have cut into profits. "In the current situation, even plant closures can no longer be ruled out," Volkswagen told its employees. What led to these drastic steps by a bluechip company? Watch!
#volkswagen #automobile #businessnews
Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you.
Click here to download the Mint App
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