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VW to close ‘at least three’ German factories: works council

Ailing auto giant Volkswagen plans to close at least three factories in Germany and cut "tens of thousands of jobs" at its namesake brand as part of a drastic cost-savings plan, workers' representatives said Monday.

AFP - International

The plan laid out by management also includes downsizing remaining plants in the country and a proposed 10-percent pay cut for all VW brand employees, the company’s powerful works council said in an update to staff, vowing to put up resistance.

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