In its 87-year history, Volkswagen has never closed a factory in its German heartland. It is now considering shutting three and cutting workers’ pay by 10 per cent.
The plans were disclosed at an employee meeting by the head of VW’s powerful works council and have not been confirmed by the company, which is due to report third-quarter results on Wednesday.
But the world’s second-biggest car manufacturer, which also owns Audi, Škoda and Seat, has already warned on profits twice this year and flagged the previously unthinkable step of closing factories in Germany.
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