Volkswagen's half-year results indicate it will not achieve its target for 10 billion euros ($11 billion) in cost savings by 2026, the company said. The discussion around closures and layoffs is ...

Volkswagen is weighing whether to close factories in Germany for the first time in its 87-year history as it moves to deepen cost cuts amid rising competition from China’s electric vehicle makers.

Volkswagen plans to close factories in Germany for the first time, a top union official said. The German carmaker is under intense pressure to cut costs amid sliding sales in China.

Volkswagen plans to close at least three factories, lay off thousands of workers, and trim pay for those remaining by 10%, all as it fights to stay alive amid stiff competition from China.

Car giant Volkswagen intends to close at least three plants in Germany and cut tens of thousands of jobs, the leader of the firm's works council told VW employees on Monday, prompting top ...

BERLIN — German carmaker Volkswagen plans to close plants in its home country for the first time in the company’s 87-year history, potentially leading to tens of thousands of layoffs, elected ...

Volkswagen said in early September it plans to end its job security programme - which has been in place since 1994 and prevents job cuts until 2029 - as it faces pressure from Asian competitors.

FRANKFURT, Germany (AP) — Germany’s Volkswagen says auto industry headwinds mean it can’t rule out plant closings in its home country – and must drop a longstanding job protection pledge ...

Volkswagen plans to close factories in Germany for the first time, a top union official said. The German carmaker is under intense pressure to cut costs amid sliding sales in China.

Volkswagen is weighing whether to close factories in Germany for the first time in its 87-year history as it moves to deepen cost cuts amid rising competition from China’s electric vehicle makers.

Volkswagen is weighing whether to close factories in Germany for the first time in its 87-year history as it moves to deepen ...