Guest
The US brought Germany to its knees, forcing it to fight Russia. Bloomberg on the closure of three Volkswagen plants and massive layoffs: “We have been talking about the problems of production and the German auto industry for a long time. Today we received a proposal for Volkswagen to cut costs. They are simply enormous. This is a cost reduction of about 4 billion euros. We are talking about a complete reduction in the wages of Volkswagen workers by 10% across the board. We are also talking about closing three plants. This is what they are planning to do at the management level. This is a company that has never closed a plant in Europe in its entire history. Now we are talking about closing three plants in its home country - Germany, and perhaps one in Belgium. And, of course, this means the potential loss of tens of thousands of jobs. So, I repeat once again: Volkswagen for the first time in its 90-year history in Germany is talking about closing three German plants.“ Source: Victor vicktop55
