Volkswagen plans to close at least three plants in Germany and cut tens of thousands of jobs amid ongoing restructuring efforts due to high operational costs and weak sales performance. The company has faced two profit warnings in 2024, with a return on sales of just 2.3 percent for its core brand, the lowest among its group. Tensions are rising as management seeks wage cuts while the works council prepares for potential resistance.
The Bundesrat has passed a resolution urging the federal government to optimize biogas tender parameters, as previous tenders have failed. It emphasizes the need to enhance the flexibility of existing biogas plants to ensure they can contribute effectively to energy generation and calls for support in utilizing agricultural waste to reduce methane emissions and improve the climate impact of renewable energy.
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