Volkswagen (VOWG_p.DE), opens new tab announced sweeping changes to its German operations, including more than 35,000 future job cuts and capacity reductions in a last-gasp deal between Europe's top carmaker and unions on Friday to avert mass strikes.
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Chilling, but to be expected. This will hit all major industries. Don't see much of a way out for Germany. Deindustrialization it is.
Of course, if they make reductions it will certainly be a big problem for all industries, maybe they will hold large demonstrations.