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Volkswagen mulls plant closures and job cuts in Germany
Volkswagen mulls plant closures and job cuts in Germany
Economy
by  AFP

German automotive giant Volkswagen said Monday it could take the unprecedented move to close production sites in Germany and threatened further job cuts as its savings plans stalled. - 'Insufficient' - Volkswagen last year announced plans for a 10-billion-euro ($11-billion) savings programme and has flagged cuts to its workforce over the coming years to improve profitability.