Business · 25 July 2026
What happens next after Volkswagen's board rejected factory closures
Volkswagen's supervisory board rejected CEO Oliver Blume's plan to close four German factories and cut up to 100,000 jobs earlier this month. The board, where worker representatives hold significant power, is expected to revisit the restructuring plan in September. Volkswagen is now looking for alternatives to factory closures, including defence work, to reduce costs and address falling profits.
Reported by The Guardian · How we write briefs