- Volkswagen AG Pref (VOW) plans a major restructuring: up to 100,000 job cuts and potential halt/closure at four German plants (Emden, Zwickau, Hanover, Neckarsulm), risking 45,000+ roles.
- Volkswagen AG Pref (VOW): Volkswagen agreed to sell its diesel engine unit to Bain Capital for €7.4B. Trade note: €7.4B deal may affect VW asset allocation and liquidity.
- IG Metall warned that reports on Volkswagen AG Pref (VOW) restructuring could endanger Germany’s VW law protections, urging the board to prioritize competitive products and job security for workers.
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Key facts: VW plans 100,000 job cuts; sells diesel €7.4B; IG Metall
Volkswagen AG Pref (VOW) plans a major restructuring: up to 100,000 job cuts and potential halt/closure at four German plants (Emden, Zwickau, Hanover, Neckarsulm), risking 45,000+