Volkswagen to make Israel's Iron Dome parts at threatened German plant — and save 2,300 jobs
Volkswagen is in discussions to convert its Osnabruck factory in Germany to produce components for Israel's Iron Dome air defence system, aiming to save 2,300 jobs. The potential deal comes as European governments increase defence spending amid geopolitical tensions, with Germany planning to invest over $580 billion in defence by the end of the decade.
Volkswagen's Osnabruck factory in Germany may be converted to produce components for Israel's Iron Dome air defence system. The factory, which employs 2,300 workers, faces an uncertain future as Volkswagen restructures operations. The proposal involves manufacturing components such as heavy-duty trucks, launchers, and power generators. Volkswagen aims to preserve jobs at the plant and potentially expand employment. The discussions are ongoing, with no final agreement reached. The potential deal is part of a larger trend of increased defence spending in Europe.
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