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Volkswagen reaches agreement with IG Metall
Volkswagen reaches agreement with IG Metall after 70 hours of negotiations
After 70 hours of marathon negotiations, Volkswagen (VWAGY, VWAPY) and the German union representing one-third of the carmaker’s workforce have come to an agreement that will avert a work stoppage. The deal between Germany’s largest employer and the powerful IG Metall union would save Volkswagen (VWAGY,
Volkswagen and IG Metall strike agreement on Germany cost cuts
VW said the agreement will achieve sustainable cost savings for Volkswagen AG of more than €15 billion per year in the medium term. Of this, over €4 billion per year will come from the present negotiations on labour costs, structural and production measures and plant utilisation.
Volkswagen and IG Metall aim to strike a deal before Christmas
Volkswagen and IG Metall leaders are racing against the clock to secure a deal before Christmas Day to avoid massive strikes.
Volkswagen to cut more than 35,000 jobs in Germany
Volkswagen cuts 35,000 jobs, shifts Golf production to Mexico
After extensive negotiations, the German labor union IG Metall and the management of Volkswagen have reached an agreement. VW has decided not to close German factories, but it will significantly reduce its workforce.
Volkswagen to cut more than 35,000 jobs in Germany by 2030
Volkswagen on Friday said it had agreed with unions to cut more than 35,000 jobs at its German sites by 2030 in a socially responsible manner, which would help achieve more than 15 billion euros ($15.
Volkswagen Unveils Major Job Cuts In Cost-saving Drive
Crisis-hit auto giant Volkswagen said Friday it planned to cut 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting plan.
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IG Metall approves 35,000 job cuts and billions in wage reductions at VW
According to media reports, the collective bargaining parties “wrestled” for more than 70 hours over five days to reach an ...
The Taipei Times
2h
Volkswagen to cut 35,000 positions
The agreement foresaw cuts to production across Volkswagen’s 10 German factories and corresponding job losses. Volkswagen’s ...
Malaysia Sun
2d
Volkswagen talks paused after 13 hours, unclear if deal is possible
Volkswagen management and labor representatives held late-night talks on December 16 to discuss cost cuts before Christmas ...
1d
on MSN
Factbox-The main points of Volkswagen's deal with unions on German sites and jobs
Here are the main points of a deal struck on Friday between Volkswagen and unions on the carmaker's German sites and jobs.
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