German automaker Volkswagen faces challenges at its factories in Germany, with reports of pay cuts and factory closures affecting workers. The company cites economic pressures and declining demand for certain models as reasons for these changes. Meanwhile, union representatives are pushing back against the proposed measures, emphasizing the need to protect workers' interests.

Source: https://www.bloomberg.com/news/newsletters/2024-10-28/german-volkswagen-workers-are-facing-pay-cuts-and-factory-closings