Volkswagen's works council convenes a special labor meeting after the summer break with CEO Blume, warning that the company's restructuring plan puts around 140,000 jobs at risk.

Volkswagen (VOW3) shares are directly linked to personnel and operating cost themes. The large-scale restructuring plan could impact labor costs, production efficiency, and the company's cost competitiveness amid the automotive industry's transition. The works council's convening of a special meeting signals heightened tension between management and labor representatives, which may affect plan execution and legal/social risks.