Volkswagen plans to cut down thousands of jobs and shut at least three factories in Germany as it aims for a deeper overhaul, Reuters reported, citing the works council head, on Monday.
“Management is absolutely serious about all this. This is not sabre-rattling in the collective bargaining round,” the report said quoting Daniela Cavallo, Volkswagen’s works council head.
“This is the plan of Germany’s largest industrial group to start the sell-off in its home country of Germany,” it added.
(With inputs from Reuters)
