Can't hold on! Volkswagen is calling the situation extremely tense, considering closing the German factory!

Volkswagen AG is considering closing domestic factories to reduce costs due to global consumption downgrades and intensified market competition. The company stated that it is facing significant cost-cutting measures, and although some progress has been made, overall performance is still below expectations. In the first half of the year, pre-tax profit fell by 11.4%, with an operating profit margin of 6.3%. However, the plan has faced strong opposition from the union, with company executives emphasizing the severe economic situation and the need for swift action, stating that the problem cannot be solved solely by cost-cutting measures in the short term