German Economy Minister Robert Habeck aims to support Volkswagen in cost-cutting efforts without site closures. His comments come amid impending negotiations with unions regarding wages and potential plant closures,

Job cuts and possible factory closures at Germany's largest carmaker are a symptom of a wider malaise in Europe's largest economy. VW's faltering electric-vehicle strategy is adding to the company's revenue woes.

Germany's government is considering ways to support Volkswagen, German economy minister and vice chancellor Robert Habeck said on Thursday, when asked about the threat of job cuts at the country's largest carmaker.

German Economy Minister Robert Habeck has called on Volkswagen to refrain from factory closures. "The locations should be preserved," he said during a visit to the VW plant in the north-western city of Emden.

German Economy Minister Robert Habeck said that Berlin is looking into ways to support ailing carmaker Volkswagen amid the threat of job cuts. The firm has been grappling with weak electric vehicle sales.