German car industry warns of job collapse unless ‘bold decisions’ made to address Chinese threat

According to The Guardian, Germany's car industry is warning of a potential collapse in European auto employment unless workers and society accept what it calls "bold decisions" to counter competition from Chinese and other rivals. At the center of the alarm is Volkswagen, which is preparing to formally propose up to one hundred thousand job losses to its supervisory board on Thursday. The company has even floated the idea of placing some car plants under foreign ownership as a way to preserve jobs. The prospect has already triggered a wave of protests.

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