Carmakers in crisis: Merz warns of loss of jobs in industry
Federal Chancellor Merz welcomes the agreement on a profound restructuring at Volkswagen. The CDU leader sees the problems of the group as part of a severe crisis in the European automotive industry.
German Chancellor Friedrich Merz has warned of further industrial job losses amid the crisis at Volkswagen, citing the company's struggles as representative of the challenges facing the automotive industry in Germany and Europe. Merz expressed approval for a recent agreement in the VW supervisory board, which he said was crucial to avoiding further instability.
The agreement is provisional and does not clarify the future of several VW sites, including those in Hannover and Emden, which will be decided by June next year. Volkswagen's fate is particularly significant for Niedersachsen, where the company is a major employer and has numerous suppliers and associated businesses.
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