A new automotive market, the electric car market, is starting to show its strength in Europe, but the speed at which things are developing does not seem to be as expected, especially as all kinds of bottlenecks appear.
Large manufacturers are forced to curtail their production and expansion plans due to various crises – economic, production capacity or resource allocation, in order to keep up with environmental protection requirements.
It has been written about the semiconductor crisis for about a year that it has ended, but its consequences periodically appear again. Large manufacturers, such as Volkswagen, are forced to close some of the plants they own for certain periods.
In addition, the German company is also making layoffs, at least administrative staff are part of the €10 billion cost-cutting program programmed by the Germans. A fifth of the company’s administrative staff will be fired by 2026.
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Source: Hot News
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.