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Fortune
Fortune
Prarthana Prakash

Volkswagen is Germany's largest private employer, and it could cut over 15,000 jobs

A demonstrator wearing a cap with Volkswagen's logo, seen in a protest in Brussels, Belgium. (Credit: Simon Wohlfahrt—Bloomberg/Getty Images)

Volkswagen has been in trouble, as have its employees. The carmaker is Germany’s crown jewel—the country's largest company and most significant private employer. 

Since Volkswagen announced possible plant closures earlier this month, the company’s sprawling workforce has been rattled. The Wolfsburg-headquartered giant has also retracted its historic job security pledge, exposing scores of workers to the prospect of losing their jobs imminently. 

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