Volkswagen’s (VOWG.DE) proposal to cut up to 100,000 jobs and close four German factories faces a major test on Thursday as the groups that control Europe’s largest carmaker meet to discuss the plans, while workers protest against the overhaul.
Faced with high costs and excess capacity at home, rising Chinese competition and US import tariffs, Volkswagen is under unprecedented pressure to restructure the business model that underpinned the group’s success
