Finance
Volkswagen's board leans against closing big plants in Germany, media report says
Published by Global Banking & Finance Review®
Posted on December 12, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 12, 2024
1 min readLast updated: January 27, 2026
Volkswagen's board is considering closing plants in Germany amid a cost crisis, with ongoing union talks and no final decisions yet.
(Reuters) - Volkswagen's supervisory board is leaning against closing large plants in Germany to tackle the carmaker's cost crisis, a report by business monthly manager magazin said on Thursday, though no final agreement has been reached.
Board members discussed stopping production at the 300-person Dresden plant and selling the plant in Osnabrueck which employs around 2,300 people, the German magazine reported, citing an unspecified number of participants at a meeting in mid-November.
A potential buyer for the Osnabrueck plant, where capacity utilisation is just 30%, was still far from being found, the magazine's report added.
The measures were still speculative and nothing had been decided, but the board was eager to find a solution before Christmas, the publication said.
On Monday, the latest round of talks between the carmaker and unions ended with no solution as record numbers of workers went on strike across the country. Both sides agreed to continue negotiations on December 16-17.
Volkswagen was not immediately available for comment.
(Reporting by Andrey Sychev and Victoria Waldersee; Editing by Madeline Chambers)
The main topic is Volkswagen's consideration of closing large plants in Germany due to a cost crisis.
The Dresden and Osnabrueck plants are being considered for closure.
Negotiations with unions are ongoing, with no resolution reached yet.
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