German car industry warns of job collapse unless ‘bold decisions’ made to address Chinese threat
The German automotive industry, led by Volkswagen, is warning of massive job losses and potential plant closures due to intense competition from Chinese manufacturers. Industry leaders are calling for 'bold decisions,' including the possibility of foreign ownership of domestic plants to maintain employment.
VW workers join nationwide protests in Hanover about wage cuts in 2024. More protests are planned over job losses. VW workers join nationwide protests in Hanover about wage cuts in 2024. More protests are planned over job losses. Volkswagen (VW) German car industry warns of job collapse unless ‘bold decisions’ made to address Chinese threat VW to propose 100,000 job losses to board and says car plants could be put under foreign ownership to save jobs
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