German economy: 100,000 job cuts announced

Volkswagen may shut four German factories and cut up to 100,000 jobs, underscoring Germany's worsening economic crisis.

Volkswagen mass layoffs German Economy

Dieter Reinisch
Press TV, Berlin

Volkswagen, Germany’s leading car manufacturer, is considering shutting four German factories and ramping up job cuts to as many as 100,000.

The biggest overhaul in the car industry is a symptom of Germany’s deepening economic crisis.

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