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The Guardian - UK
The Guardian - UK
Business
Deborah Cole in Berlin and Jasper Jolly

Volkswagen to shut three factories, axe jobs and cut pay by 10%, says union

Woman wears red jacket and speaks into microphone on balcony with thousands of people below here
Daniela Cavallo, the chair of the General and Group Works Council at Volkswagen, speaks to workers in Wolfsburg on Monday morning. Photograph: Julian Stratenschulte/EPA

The German carmaker Volkswagen is planning to shut at least three factories in its home country, lay off thousands of workers and cut pay by 10%, according to the company’s union.

The deeper-than-expected cuts come as the company faces weak sales and slow expansion in the electric vehicle (EV) sector amid tough competition from Chinese manufacturers.

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