Part 2/10:
VW has signaled the potential closure of three assembly plants in Germany, which has raised alarms regarding its workforce. Analysts estimate that as part of its efforts to achieve a modest profit margin of 65% by 2026, VW may need to lay off around 30,000 employees. Labor representatives are understandably resistant to plant closures and job cuts, which puts VW in a precarious situation. The automaker must strike a balance between meeting labor demands and maintaining competitiveness to avoid a slow economic decline. A compromise solution appears to be on the horizon, although it’s likely that neither side will leave the table entirely satisfied.