Volkswagen considers layoffs amid weak demand for electric vehicles

News on September 14, according to the editor’s understanding, Volkswagen is facing a situation where it is considering layoffs at its Zwickau plant in Germany due to lower-than-expected demand for electric vehicles.

Volkswagen plans to cut jobs at its plant in Zwickau, a decision that will affect hundreds of the plant's current 11,000 employees, although exact numbers have not yet been confirmed. Behind this layoff plan is the weak market demand for electric vehicles. Volkswagen had hoped to meet the market demand by producing electric vehicles at the Zwickau plant.

In 2018, Volkswagen announced a $1.29 billion (€1.2 billion) investment plan to transform the Zwickau plant. to produce electric vehicles. This factory is one of the largest electric vehicle factories in Europe, with an annual production capacity of up to 300,000 vehicles. Since January 2022, the factory has been focusing on the production of electric vehicles based on Volkswagen's MEB platform, including the ID.3, ID.4, ID.5 and Audi Q4 Other electric cars such as the e-tron and Cupra Born.

Volkswagen has announced plans to hold a staff meeting at its Zwickau plant on Thursday local time, but so far they have not commented on the specific details of the layoffs. The news reflects the increasingly fierce competition in the electric vehicle market and the need for automakers to continuously adapt to changing market demand.

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