reuters.com

Volkswagen weighs deal to enable major job cuts and plant closures

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Sig3.35Sen-4.25Env0.00Soc-6.75Gov-3.90

CEO Oliver Blume negotiates with Supervisory Board chair Hans Dieter Poetsch and Lower Saxony premier Olaf Lies to push restructuring plans that could cut up to 100,000 jobs, amid plans to close four German plants. The talks aim to avoid an emergency shareholder meeting and costly legal conflict if the supervisory board blocks the cuts, with investors worried about a standoff.

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