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VW reaches union deal to cut 35,000 German jobs
VW reaches union deal to cut 35,000 German jobs after gruelling talks
Volkswagen on Friday announced sweeping changes to its German operations, including more than 35,000 future job cuts and sharp capacity reductions in a last-gasp deal between Europe's top carmaker and unions to avert mass strikes.
VW Group, union agree to cut 35,000 jobs, nix German plant closures
VW Group threatened to close up to three plants in Germany, but a deal with workers means those plants are safe.
Volkswagen Reaches Labor Deal, Avoiding Germany Plant Closures
The automaker agreed to keep all 10 of its factories in Germany open and to guarantee workers’ jobs until the end of 2030.
22h
Volkswagen Boss Hails Cost-cutting Deal But Shares Fall
Volkswagen's chief executive welcomed a deal to slash jobs and reduce production capacity in Germany without the need to ...
12m
4,000 VW Managers Facing Pay Cuts Through 2030
Despite making significant cost cuts, VW will not sell any of its German factories ...
1d
Former Volkswagen CEO accuses judge of bias in Dieselgate case
Former Volkswagen Group chief executive Martin Winterkorn has accused the judge leading a criminal trial into the 77-year-old ...
2d
Volkswagen unveils major job cuts in cost-saving drive
“We had three priorities in the negotiations: Reducing excess capacity at the German sites, reducing labour costs and ...
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