Volkswagen plans to lay off up to 100,000 employees and may close four factories

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Volkswagen plans to lay off up to 100,000 employees and may close four factories
Photo: Yuki Iwamura /AP/TT

Four factories may be closed as Volkswagen reverses a decline in its profitability, writes Manager Magazin, citing anonymous sources.

Indirect costs are to be cut by approximately 11 billion euros, around 120 billion kronor, by 2030, according to the sources.

The factories that may be closed are those in Hanover, Zwickau and Emden, as well as the Audi factory in Neckarsulm.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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