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What Volkswagen's woes say about Germany's economic future

Deutsche Welle Monday, 30 September 2024 ()
Job cuts and possible factory closures at Germany's largest carmaker are a symptom of a wider malaise in Europe's largest economy. Are the doomsayers right or will the "Made In Germany" monicker reign supreme again?
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Germany Germany Country in Central Europe

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After the news that Europe's largest car producer VW may close two plants, experts are sounding the alarm that the downsizing of manufacturing isn't just limited to the car industry. The German Institute for Economic Research (DIW) says companies need to evolve.

Credit: euronews (in English)    Duration: 02:29Published
Volkswagen workers blast management amid potential plant closures [Video]

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The Volkswagen works council criticised the executive board for suggesting plant closures and threatening job security, as Volkswagen's Chief Financial Officer says the company may not survive the transition to electric cars unless it cuts costs.

Credit: euronews (in English)    Duration: 01:57Published

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What Volkswagen's woes say about Germany's economic future

Job cuts and possible factory closures at Germany's largest carmaker are a symptom of a wider malaise in Europe's largest economy. Are the doomsayers right or...
Deutsche Welle