The VW passenger car brand needs to achieve €10 billion in cost savings by 2026
From mid-next year, VW can enforce layoffs at German plants despite previous agreements. Previous labor deals protected German jobs until 2029, but those guarantees are ending. The company warned of potential factory closures in Germany , alarming union officials. Volkswagen is scrapping several labor agreements it had at six German plants guaranteeing jobs until 2029, paving the way for potential layoffs in the automaker’s home market.
“We must enable Volkswagen AG to reduce costs in Germany to a competitive level in order to invest in new technologies and new products with our own resources,” VW Labor Director Gunnar Kilian said. To ease some concerns among workers, the company has offered to bring forward wage negotiations from mid-to-late October to this month instead.
Industry Production Reports VW
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Newsom: CA Homelessness Issue Due to ‘Our Own Policies and Neglect’ Over ‘Decades and Decades’Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Rebecca Ferguson's New Movie Villain Is Doubling Down On A Decades-Old Book ControversyRebecca Ferguson as Juliette looking to the side in Silo
Read more »
'Riverside Prostitute Serial Killer' confessed to killing 19-year-old woman from decades-long cold caseA 70-year-old convicted serial killer from Lake Elsinore has confessed to the murder of a woman in a decades-long cold case, authorities announced Tuesday.
Read more »
40 Years Ago, Michael Caine Broke His Decades-Old Golden Rule To Kiss SupermanMichael-Caine-in-Youth
Read more »
The Real Cause of Alzheimer’s Might Not Be Amyloid: Groundbreaking Discovery Challenges Decades-Old TheoriesScience, Space and Technology News 2024
Read more »
Mortal Kombat 2 Can Finally Break A Decades-Old Mortal Kombat Movie CurseCustom image from Scorpion in Mortal Kombat
Read more »