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Volkswagen reaches agreement with IG Metall
Volkswagen and IG Metall strike agreement on Germany cost cuts
No plant closures, but VW Group manufacturing capacity will be cut by 730k across German plants and 35k jobs to go.
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 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.
2d
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 ...
Marine Link
10h
Clock is Ticking on German Shipyard to find Investors to Survive
Despite the difficult situation, several interested investors have already visited the shipyard sites in Rendsburg and ...
2d
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 ...
6h
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 ...
TradeWinds
9h
Loan secures breathing space for FSG shipyards until the end of January
German shipyards Flensburger Schiffbau Gesellschaft (FSG) and Nobiskrug will remain in safe hands over Christmas, following ...
4d
on MSN
Gulf over VW German plant closures remains in marathon talks with union
Talks between Volkswagen and labour unions over plant closures and pay cuts are expected to last well into Thursday as both ...
Hosted on MSN
7h
Volkswagen spending cuts also to target management, sources confirm
Pending spending cuts at troubled German carmaker Volkswagen will also target management, sources told dpa on Monday, ...
3d
IG Metall union says wage deal reached with Volkswagen to avoid plant closings, involuntary layoffs for German workers
IG Metall union says wage deal reached with Volkswagen to avoid plant closings, involuntary layoffs for German workers.
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