00:00Unions have warned that Volkswagen's managing risks a major conflict with workers as the struggling German car giant thrashes out
00:08what could be the biggest ever restructuring in the global car industry.
00:14Workers staged protests outside factories in Germany on Thursday over the car makers reported plans to cut up to 100
00:21,000 jobs and close four factories.
00:25This would account for 16% of the company's workforce worldwide.
00:32Europe's biggest car maker is under pressure from US tariffs, weaker profit margins on electric vehicles and above all fierce
00:40competition in China.
00:43Volkswagen whose 10 brands range from Seat to Porsche is already cutting 50,000 jobs in Germany by 2030.
00:52Those cuts were agreed with unions at the end of 2024 alongside a pledge to avoid plant closures in Germany
00:59until at least the end of the decade.
01:01We'll see you next time.
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