Volkswagen Weighs Closing Four German Plants and Cutting Up to 100,000 Jobs

Volkswagen is considering closing four German factories and cutting as many as 100,000 jobs, two people familiar with the matter said. The steps would mark the biggest overhaul in the company's history.

The four plants under review are located in Germany. The job reductions would exceed previous restructuring rounds at the company. Volkswagen stock has fallen 60 percent over the past three years.

The proposed cuts come as the company faces sustained pressure on its European operations. No final decisions have been announced, and discussions remain internal.

“Volkswagen is considering shutting four German factories and ramping up job cuts to as many as 100,000.”