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according to overseas media reports, volkswagen may lay off 30,000 employees in germany in order to become more competitive in europe's shrinking auto market. the r&d department will see the largest number of layoffs, and 4,000 to 6,000 of volkswagen's 13,000 r&d personnel in germany will lose their jobs.

as of now, volkswagen group is "abolishing" several labor agreements it has signed with six german factories, which also means that the guarantee of this agreement will only last until the middle of next year, rather than 2029 as previously announced.

the conglomerate also said that the volkswagen passenger car brand needs to achieve cost savings of 10 billion euros by 2026.

according to some insiders, volkswagen group has held a meeting and may completely shut down the belgianaudithe audi plant in brussels has also been officially shut down.