Volkswagen has big problems. The boss Oliver Blume wants to save money. He plans a strict saving plan. Up to 100,000 people could lose their work. This is double the old plan. 4 to 5 factories in Germany could close. This affects Hanover, Zwickau, Emden and Neckarsulm. The factory in Osnabrueck is also in danger.
There are many reasons for the problems. VW sells fewer cars in China. There is much competition there. Electric cars are expensive to build. Energy and staff are expensive in Germany. The group wants to be more efficient. This means: It wants to work with fewer costs.
Many people fight against the plans. The union IG Metall says no. The factory council wants to save the jobs. Politics is worried. Olaf Lies is a leader in Lower Saxony. He is against closing factories. Lower Saxony has power at VW. On July 9, the supervisory board talks about the plans. They discuss the future of VW then.
