Volkswagen risks 'major conflict' with staff over cost-cutting drive, union warns

Volkswagen's CEO is contemplating significant restructuring that could lead to the loss of 100,000 jobs and the closure of four plants, sparking warnings from the union about potential major conflict with employees. This move reflects the company's push to cut costs amid declining profits and rising competition. The potential upheaval could lead to a broader industry trend if other automakers follow suit, impacting thousands of workers and reshaping the landscape of the automotive sector.