Learn more

The impact of the crisis at Germany’s auto giant, Volkswagen, which plans to close plants and cut jobs, could have severe consequences for the municipalities that depend on the company’s employment, a municipal association told a German tabloid. “The news that VW is planning massive job cuts and closing plants in Germany is not only a drastic blow to local communities but also an alarming signal for Germany as a business location,” André Berghegger, the head of German Association of Towns and Municipalities, told the Bild newspaper, in a story published on Wednesday. VW intends to close at lea…