Volkswagen is considering widespread pay cuts and layoffs as well as the closure or size reduction of its plants in Germany, the company’s works council said Monday.

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Volkswagen plans major layoffs, to shut at least three German plants, works council head says

Volkswagen plans to shut at least three factories in Germany, lay off tens of thousands of staff and permanently shrink its remaining plants in Europe's biggest economy as the continent's top carmaker is plotting a deeper-than-expected overhaul, the works council head said on Monday.

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The head of Volkswagen's works council says the company has informed employee representatives that it wants to close at least three plants in Germany

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Volkswagen's employee council says automaker plans to close at least 3 German plants

Volkswagen plans to close at least three factories in Germany, lay off tens of thousands of staff and downsize remaining plants in the country, the company’s employee group said Monday.

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Historic moment for Volkswagen: Automaker plans to close ‘at least’ 3 German plants and cut thousands of jobs

Volkswagen has informed employee representatives that it wants to close at least three plants in Germany, the head of the company's works council said Monday.

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Volkswagen’s employee council says the automaker plans to close at least 3 German plants

Restructuring would mark the first closure of Volkswagen factories in Germany in the company's 87-year history; the company employs 300,000 people in Germany

Reestruturação marcaria o primeiro fechamento de fábricas da Volkswagen na Alemanha nos 87 anos de história da empresa; companhia emprega 300 mil pessoas na Alemanha

FT: Volkswagen planeja fechar fábricas, cortar milhares de empregos e reduzir salários em 10%

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FT: Volkswagen plans to close factories, cut thousands of jobs and reduce salaries by 10%

Volkswagen, the largest employer in Germany, is facing increased competition from China and weakening demand.

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VW may close plants in Germany for the first time in its history

FRANKFURT/BERLIN : Volkswagen's plans to close plants in Germany and dissolve long-standing labour agreements with unions have put the spotlight on its unique governance and ownership structure that have drawn criticism from investors for years.Like other German conglomerates, the 87-year-old automaker is

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Explainer-Volkswagen Law: the unique structure behind the German carmaker's labour clash

Volkswagen is considering wide spread pay cuts and layoffs as well as closures or size reductions of its plants in Germany, the company's works council said Monday.

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Roberts family

Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says

By Hanna Ziady, CNN London (CNN) — Volkswagen plans to close “at least” three factories in Germany, lay off tens of thousands of staff and downsize remaining plants in the country, the company’s employee group said Monday. The domestic factory closures would be the first in Volkswagen’s 87-year history, and they lay bare the challenges facing Germany’s largest manufacturer. The plans are already facing pushback from labor unions in the country, …

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German car giant plans radical shake-up as pressure to cut costs grows

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Volkswagen to close at least three factories amid electric car struggles

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Volkswagen Announces Major Factory Closures Amid Financial Crisis

Volkswagen Announces Major Factory Closures Amid Financial Crisis

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