00:00Thousands of workers at Germany's Volkswagen headquarters in Wolfsburg began warning strikes
00:05on Monday morning. The Works Council slammed shareholders for prioritizing billions of
00:11euros profit as workers faced job insecurity and mass layoffs.
00:30The mood in Wolfsburg is sombre as talks between the union and VW are set to continue next
00:47I've been a member of VW for over 40 years now.
00:50I'm now in the so-called old-time phase, the passive phase.
00:55But I've also been a long-time member of EG Metall and I was also a confidant.
01:01And of course I'm connected to the region, to the Volkswagen company.
01:04And I'm also very affected. I'm also worried about the future of the city,
01:09the future of the region, other regions that are affected, also in the workshops,
01:13our colleagues, our children, where they learn, where they work in the future.
01:17That's very depressing.
01:19Nine out of ten VW plants located across Germany joined the strike as the car company plans
01:25to shut three plants, terminate thousands of employees and slash wages by 10% in a bid
01:31to save cash as consumer demand for cars is stuck in neutral.
01:35But declining sales are not just hitting Germany. Italy, France and Belgium are also reporting
01:41a dramatic slump in sales which could lead to a deeper crisis within the Eurozone.
01:47Liv Stroud in Wolfsburg for Euronews.
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