Volkswagen's Transformation Amid Economic Challenges
Volkswagen is undergoing a significant transformation, driven by intense competition and the shift toward electric vehicles. The company plans to lay off over 35,000 workers in Germany by 2030, citing high labor costs and the need for greater profit margins to stay competitive. This restructuring will also see a reduction in vehicle production capacity by more than 700,000 units.
Negotiations between Volkswagen and the union have resulted in agreements to avoid compulsory layoffs and plant cl..
