Volkswagen, the global auto company, announced Wednesday that it will close its operations in Europe as it looks to reduce costs and cut its global workforce.
The company said it will continue to operate in North America and the Middle East, and its plants will remain in the U.S. and Europe.
The German company said its U.K. operations will remain operational until 2019.
The closure will impact approximately 6,000 employees in Europe and more than 4,000 workers in North American and European factories.
Volkswagen is expected to provide financial relief to affected employees and will hire some employees who have been laid off from the company.
The announcement comes a day after a massive fire at Volkswagen’s U.N. headquarters, killing more than 30 people.
The fire started in the main factory in Wolfsburg, the U of T’s campus in Ontario, Ont., where Volkswagen builds its cars.
The fire spread to the plant’s emissions testing facility and to a factory that processes diesels and diesels for other vehicles.
About 1,000 people died and hundreds of thousands were injured in the blaze.