Within five years, production at the Zwickau and Emden plants will be phased out. This will be followed by the closure of two more plants: Hanover by 2032 and Neckarsulm by 2034.
The four factories have a total of around 40,000 employees and, in addition, CEO Oliver Blume plans to cut the workforce by 50,000 employees and reduce investments by around 50 billion euros.
Details of major cutback plans at VW were previously reported in the German press at the end of June.
