VW will be slashing jobs, closing factories, according to the union

the auto giant aims to shut at least three factories in Germany, downsize its remaining plants and lay off tens of thousands of staff as part of a cost-cutting drive.

https://www.wsj.com/business/autos/volkswagen-job-cuts-plant-closures-germany-c13d466a#:~:text=Volkswagen's%20VOW3%20%2D0.46%25,of%20a%20cost%2Dcutting%20drive.