Reported about 1 month ago
Volkswagen plans to end its long-standing job security program that has prevented layoffs since 1994, which may affect several factories in Germany. Key facilities include the Brunswick plant producing components, the Emden plant focusing on car assembly, Hanover's large manufacturing site, the Kassel plant known for transmission production, Salzgitter's engine plant, and the massive Wolfsburg headquarters. The decision is driven by mounting pressure from Asian competitors, leading to uncertainty for approximately 123,000 employees across these locations.
Source: YAHOO