First reported by shanghaisun.com
Running on empty: Whats driving Europes auto industry crisis
German car industry warns of job collapse unless ‘bold decisions’ made to address Chinese threat
By
Lisa O’Carroll Senior correspondent
6h agoen
Source
The GuardianGerman car industry warns of job collapse unless ‘bold decisions’ made to address Chinese threattheguardian.comVW to propose 100,000 job losses to board and says car plants could be put under foreign ownership to save jobs Europe live – latest updates The German car industry has warned of a potential collapse of employment in the sector in Europe unless society and workers accept that “bold decisions” are needed to address competition from the Chinese and other rivals. Volkswagen is preparing to formally propose up to 100,000 job losses , a move that has triggered a wave of protests. Continue reading...
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