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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Volkswagen plans to shut at least three German plants, axe tens of thousands of jobs and slash pay by 10 per cent, the company’s top employee representative said on Monday.
The restructuring would mark the first closure of domestic plants in the company’s 87-year history and set up a battle with unions. VW has 10 plants and 300,000 employees in Germany.
VW has warned…
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