Severe cost-cutting measures loom as Volkswagen faces "extremely tense" situation, with job security program ending and factory closures considered.

Volkswagen faces pressure, considers closing German plants. Unions resist, highlighting economic challenges and need for change.

The automaker described the situation as "tense" and emphasised that basic cost-cutting measures won't be enough to address the challenges they are...

FRANKFURT, Germany (AP) — Volkswagen is considering closing some factories in its home country for the first time in the German...

Volkswagen is considering closing some factories in its home country for the first time in the German automaker's 87-year history, saying it otherwise...

Volkswagen is considering closing some factories in its home country for the first time in the German automaker's 87-year history, saying it otherwise...

The German automobile giant said it could not rule out shuttering factories as part of its cost-cutting efforts. Left-wing politicians have pointed...

Volkswagen AG is ending job protections for auto workers in Germany as part of its cost-cutting push, setting up a showdown with unions as the...

In response to an ongoing factory workers' strike, Boeing has introduced several cost-saving measures. These include a hiring freeze, pausing pay...

Finance chief says drastic cost-cutting measures necessary amid weak demand in Europe