On the 9th (local time), Volkswagen Group in Germany convened a supervisory board meeting to deliberate on a fresh round of cost-reduction strategies. Sources indicate that the proposed plan may encompass additional layoffs and modifications to the operational layout of German factories, with a potential global workforce reduction ranging from 100,000 to 120,000 employees. Factories in Zwickau, Hanover, Emden, and Neckarsulm are at risk of shutdown. Volkswagen clarified that it is formulating future strategies aimed at bolstering competitiveness and necessitates the reduction of surplus capacity, although specific measures are still under deliberation. In reaction to this proposal, the German Metalworkers' Union orchestrated demonstrations at various Volkswagen manufacturing sites, voicing opposition to factory closures and job cuts. The Lower Saxony government in Germany also voiced its disapproval, asserting that closing factories is not a sustainable approach for the company's long-term growth.
