Volkswagen plans to close 3 German plants, workers rally

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Volkswagen (VWAGY) workers paused production for one hour at German auto plants to rally outside the automaker's headquarters. This all comes after Volkswagen scrapped its job protections for workers and plans to close at least three German factories, all part of the company's broader cost-cutting strategy.

Catalysts host Seana Smith reports on the latest news surrounding the German automaker's relationship with its union workforce.

Volkswagen is set to report third quarter earnings results this Wednesday, October 30.

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

This post was written by Luke Carberry Mogan.

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