Volkswagencould face a severe wave of layoffs this year. According to Jefferies analysis, the German automaker is struggling due to factory closures and other cost-cutting measures. There are plans to lay off more than 15,000 employees.

The Jefferies report states that Volkswagen could decide to close some of its production facilities without the approval of the Supervisory Board. These steps would allow the company to do so Save 4 billion euros will provide. Previously, management’s restructuring plans were blocked by the Supervisory Board; however, the new strategy will be directly applicable by overcoming these obstacles.

Volkswagen has not announced which facilities in Germany will be closed

Volkswagen’s factory closure decisions It is expected to start first at facilities in Germany. While it is not yet clear which plants will be closed, official negotiations on this process are continuing. Jefferies, Volkswagen’s various plans to close German factory and predicts that this decision could directly affect 15,000 people.

These steps by Volkswagen could lead to a major change in the company’s workforce. dismissed approach to the issue and especially how this process will proceed trade unions and creates great uncertainty for employees.