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Volkswagen’s Bold Restructuring Plan | Business and Finance News
Description
Volkswagen faces its biggest upheaval in nearly 90 years as it prepares to potentially shutter four factories and slash up to 100,000 jobs amid mounting pressure from global competition and the electric vehicle revolution — a move fiercely resisted by German politicians, unions, and even its own shareholder state, Lower Saxony, as the company’s stock plummets and the supervisory board prepares to make one of the most consequential decisions in its history.
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