The move marks the first major clash between Chief Executive Oliver Blume, who analysts have described as more of a consensus builder compared to his more combative predecessor Herbert Diess, and unions that command substantial influence at VW.
VW considers one large vehicle plant and one component factory in Germany to be obsolete, its works council said as it vowed "fierce resistance" to the executive board's plans.
Analysts have in the past named VW sites in Osnabrueck, in Lower Saxony and Dresden, in Saxony, as potential targets for closure. The state of Lower Saxony is Volkswagen's second-largest shareholder and on Monday supported its review.
This story is from the September 03, 2024 edition of Business Standard.
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This story is from the September 03, 2024 edition of Business Standard.
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