German carmakers have problems
24 September, 2024117 words2 minutes
Volkswagen, Germany’s biggest employer, is thinking about cutting many jobs. This is because car sales in Germany, including those from Mercedes-Benz and BMW, are falling.
Although Volkswagen denied reports of laying off 30,000 workers in Germany, it still says it needs to reduce its costs. Germany’s Economy Minister, Robert Habeck, offered help, but Volkswagen needs to decide how to solve its problems.
The main reason for this situation is a drop in sales in China, which used to be a very big market for German car companies. Now, China’s car market is not as strong, and there are more Chinese car makers. The German government may help, but Volkswagen will still need to make some difficult decisions.