Volkswagen recently warned of potential plant closures in Germany, a proposition that has raised tensions within its powerful labor unions. It’s been noted that the auto industry is quickly shifting towards electric mobility, and to remain competitive and profitable, most firms are restructuring their operations. However, this does not go down well with unions whose primary role is to protect their members from unemployment.
In Volkswagen’s situation, it seems that the company is in a predicament. They have obligations to their shareholders to remain profitable
