Volkswagen braces for showdown with unions after warning of possible German plant closures

Volkswagen is tightening its belt due to the looming issue of possible German plant closures. A significant issue that Volkswagen is facing is managing to find the required funding to invest in electric vehicles (EVs) while managing to stay in profit. The issue has been exacerbated by the costly procurement and production of battery technology for EVs. The company has described these factors as an existential threat.

In response to this, Volkswagen’s labor unions are pushing back against the management’s plans for cost reduction, which may