Volkswagen is cancelling a no-layoffs pledge and won’t rule out closing plants in Germany
FRANKFURT, Germany (AP) — Germany’s Volkswagen says auto industry headwinds mean it can’t rule out plant closings in its home country – and is dropping a longstanding job protection pledge in force since 1994 that would have barred layoffs through 2029. “The European automotive industry is in a very demanding and serious situation,” Oliver Blume