Auto parts supplier Schaeffler plans to reduce its workforce and close two locations, just days after union officials warned ...

(Reuters) -Volkswagen plans to shut at least three factories in Germany, the carmaker's works ... Apart from vehicles, it also makes parts such as cylinder heads and inlet manifolds.

Volkswagen plans to close “at least” three factories in Germany, lay off tens of thousands of staff and downsize remaining plants in the country, the company’s employee group said Monday.

Parts supplier Schaeffler said it would cut thousands of jobs for a net reduction of about 3,700 workers. Union officials said Volkswagen plans to shut factories in Germany for the first time.

The specific plants to be closed were not fully detailed, but VW currently has 10 plants in operation throughout Germany. Even if a plant isn’t being shut down, Cavallo went on to say that ...