Volkswagen's works council head says the company plans to shut at least three factories in Germany, lay off tens of thousands of staff, and shrink its remaining plants in Europe's biggest economy as it plots a deeper-than-expected overhaul.
Europe's biggest carmaker has been negotiating for weeks with unions over plans to revamp its business and cut costs, including considering plant closures on home soil for the first time, in a blow to Germany's industrial prowess.
Volkswagen reiterated on Monday that restructuring was needed and said it would make concrete proposals on Wednesday.
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