even VW’s 13,000 employees in research and development in Germany will most likely see cuts of 4,000 to 6,000, with investments slashed by up to €20 billion in the medium term, according to the magazine.

If VW goes ahead with the factory closures and layoffs, it could mark a major blow the ruling far-left government, which is already at a record low in terms of support in the polls.

It would also add to a growing list of companies that are laying off workers and relocating to other countries.

https://www.zerohedge.com/economics/vw-could-cut-30000-employees-germany