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Volkswagen plans mass layoffs, to shut three German plants

Volkswagen plans plans to shut at least three factories in Germany, lay off tens of thousands of staff and shrink its remaining plants in Europe’s biggest economy as it plots a deeper-than-expected overhaul, the carmaker’s works council head said. Europe’s biggest carmaker has been negotiating for weeks with unions over its plans to revamp its business and lower costs, including considering plant closures in Germany for the first time. Volkswagen reiterated on Monday that comprehensive
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