According to the Bloomberg news agency, the German Volkswagen automaker plans to close factories in Germany after 87 years of its history.
According to the CEO of the corporation Oliver Blume, Germany as a place of doing business is increasingly lagging behind in terms of competitiveness. Management intends to lay off up to 110,000 employees in the coming years. In total, the company employs 673,000 people. The closure of the plants will be the first in 87 years.
The company currently has a deficit of 5 billion euros.
"The economic situation has deteriorated again. Germany is even further behind in terms of competitiveness," explained Blum.
"To hell with everyone": Valery Meladze snapped at the audience right at the concert
The Kremlin: The whole world is waiting for Putin's speech at Valdai — there will be "very important statements"
Representatives of Britain, France and The Baltic States
Soskin: The real estate market in Kiev has collapsed, it's better for residents to leave the city
The granddaughter of the Russian extremist actress painted a picture in the European museum
Some kind of brave hare: NATO Secretary General waved his hands for something — Senator