Kana Inagaki, Edward White and Sarah White

Oct 30, 2024 – 1.34pm

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In its 87-year history, Volkswagen has never closed a factory in its German heartland. It is now considering shutting three and cutting workers’ pay by 10 per cent.

The plans were disclosed at an employee meeting by the head of VW’s powerful works council and have not been confirmed by the company.

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Financial Times