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The Economic Times

Top News / The Economic Times

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Volkswagen Law: The unique structure behind Europe's biggest carmaker

Volkswagen is reportedly planning a significant overhaul, including plant closures and substantial job cuts, sparking strong union resistance. The company's unique governance, influenced by the state of Lower Saxony and worker representation on its supervisory board, grants them considerable power. This structure, rooted in historical decisions, gives these stakeholders a significant say in major strategic moves, potentially impacting the automaker's ambitious restructuring plans.

26 Jun 2026 7:01 pm