Volkswagen is navigating a serious financial crisis as it grapples with industry pressures and a shift toward electric vehicles. In response to mounting losses, the company has announced plans to close several of its German manufacturing plants. The company is now entering negotiations with employees, discussing necessary cost-cutting measures, including possible pay reductions and job restructuring. This move underscores the challenges faced by traditional automakers in the transition to greener, more sustainable technologies while managing established production systems.