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How will a unique law make it difficult for Volkwagen to fire 1 lakh employees?
short by Ashley Paul / on Saturday, 27 June, 2026
Volkswagen plans to fire one lakh employees, but is likely to face difficulties in executing the move. This is because the Volkswagen Law gives the state of Lower Saxony a 20% voting stake in Volkswagen, which carries with it the power to block major decisions. The law dictates that decisions requiring 3/4th majority must be passed by over 4/5th shareholders.
read more at ET Now