00:00Well Volkswagen is planning to close at least three factories, lay off tens of
00:05thousands of workers and reduce its European manufacturing footprint. That is
00:10the new warning today from the head of the Works Council at Volkswagen. They
00:15effectively look after all of the employees at the company. That group says
00:19it has been in talks with Volkswagen's board and has been given a warning that
00:23some serious cuts are coming. Volkswagen for its part will not confirm all of
00:28this but what they do say is that on Wednesday we will learn some more
00:32details amid plans for some cost savings measures. Board members at the company
00:37are saying right now German factories are just not productive enough and are
00:41facing stiff competition from Asia.
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