VW

Volkswagen unveils cost-savings plan that may keep German plants open

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Volkswagen unveils cost-savings plan that may keep German plants open

Volkswagen unveils cost-savings plan that may keep German plants open By: Bloomberg | Updated on: 02 Nov 2024, 10:31 AM Amid calls for pay hikes, Volkswagen proposes a 10 per cent wage cut to maintain profitability and avoid factory closures in Germany. Negotiations wil … Amid calls for pay hikes, Volkswagen proposes a 10 per … Read more

VW labour chief sounds alarm on mass layoffs and three German plant closures

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VW labour chief sounds alarm on mass layoffs and three German plant closures

VW labour chief sounds alarm on mass layoffs and three German plant closures Europe’s biggest carmaker has been negotiating for weeks with unions over plans to revamp its business and cut costs, including considering plant closures on home soil for the first time, in a blow to Germany’s industrial prowess. Volkswagen reiterated on Monday that … Read more