On the 20th, the Volkswagen Group issued a statement saying it has reached an agreement with the union on a restructuring plan. According to the agreement, Volkswagen will lay off more than 0.035 million people in Germany before 2030 and will reduce production capacity at its German plants. The statement said that through these layoffs, Volkswagen expects to save 1.5 billion euros in labor costs annually by 2030. The agreement also specifies that no German plants will be closed in the short term, but two smaller plants will stop auto production and look for other alternative uses. (Xinhua News Agency)