Like tech giants, auto giants have been able to take steps to reduce spending in recent times due to financial problems. Now it has been announced that such a move may come from Germany-based Volkswagen Group.

The main brand is Volkswagen a saving of several billion euros The company is looking for ways to do that that they may consider the option of closing their factories in the country. he declared.

If the factory in Germany closes, it will be a first in Volkswagen’s 87-year history

The car manufacturer is also working on cost savings in Germany. mass layoffs It could also make a move, such as implementation. That means it could end its job security program, which bans forced layoffs, by 2029.

VW’s workers’ council said a major car and parts plant in Germany was outdated. Any closure of factories in the country It will be a first in the company’s 87-year history. let’s point out. Volkswagen has never closed a factory in Germany before.

Such movements naturally make the car gigantic with unions confronted will bring. One of them, the union called IG Metall, announced that they would use “violent resistance” against the plans. The union described the plans as an “irresponsible step” that shakes the foundations of Volkswagen and poses a major threat to jobs.

The majority of the turnover of the Volkswagen Group, which has more than one brand, is Volkswagen brand It creates. recently increased logistics, energy and labor costs profits had declined. At the same time, the rise of Chinese brands in China, where it sells the most, had a negative impact on the company. Of course, the slowing economy also put the company in a financially difficult situation.

After all this, VW Group focused on cost-cutting efforts. The first brand to be affected by these efforts will be Volkswagen. The parent company’s goal About $10 billion in 2026 save money.