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fast technology reported on september 11 that as part of its plan to cut spending and reduce costs, volkswagen announceda series of agreements with unions to protect jobs will be terminated, and the next step is layoffs and factory closures.

volkswagen said it was ending a more than 30-year-old job guarantee agreement.the deal was supposed to protect jobs until 2029 but will now end in the middle of next year。

volkswagen also claimed that in the face of fierce competition from european rivals and chinese automakers, all volkswagen brands need to undergo a comprehensive restructuring to control factory, labor, product and material costs, so it is considering closing its car production and parts factories in germany.

germany is one of the main battlegrounds for established european automakers such as mercedes benz group and bmw ag, with which volkswagen must compete. at the same time, volkswagen faces additional pressure from chinese automakers, which are gaining market share with aggressive pricing and the promotion of electric vehicles.

volkswagen ceo oliver blume previously pointed out: "the european automotive industry is in a very demanding and severe situation, the economic environment has become more severe, and new competitors are entering the european market.the cake is smaller, but there are more guests at the table。”

blume also said that at the same time, germany's competitiveness as a manufacturing center has fallen further behind, and volkswagen needs to control costs and can no longer rule out the possibility of closing factories, because cost-cutting measures alone are not enough to meet the challenges facing volkswagen.