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VW job cuts: around half in Germany, no plant-closure deal

Lower Saxony premier Olaf Lies said around half of Volkswagen’s XETR:VOW 50,000 job cuts will be in Germany. He said there is no agreement on plant closures and stopping production at Emden or Hanover is “unimaginable.”

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Lower Saxony's state premier Olaf Lies said on Friday that around half of Volkswagen's XETR:VOW 50,000 job cuts will be in Germany and that there is no agreement on plant closures.Stopping car production at plants such as Emden or Hanover, both in his northern German state, is unimaginable, and the…