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VW Executives Face Pay Cuts
4,000 VW Managers Facing Pay Cuts Through 2030
VW and the German IG Metall union agreed on money-saving terms a few days ago, that’ll see VW cut more than 35,000 jobs across the country by 2030. These cuts should help it sav
VW Executives Face Pay Cuts as Part of Restructuring Deal
Volkswagen AG managers are facing hefty pay reductions in the coming years as part of an agreement with labor to make Europe’s biggest automaker more competitive.
VW managers to get 10% pay cut in plan to slash bonuses, German newspaper reports
A reduction in managers' bonuses at Volkswagen will lead to a 10% pay cut for the next two years, the Sueddeutsche Zeitung newspaper reported on Sunday, after the German carmaker struck a deal with unions to axe jobs and scale back production.
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 close factories, but the car giant's shares fell heavily on Monday.
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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 ...
4d
on MSN
VW wage deal for 120,000 German workers avoids layoffs, plant closures
Volkswagen’s employee representatives say they have reached a wage deal. The deal will ward off management proposals for ...
1d
on MSN
Feds Deepen VW Atlas Probe Over Phantom Braking Issues Potentially Linked To Four Injuries
NHTSA investigation reveals 44 complaints of unintended braking in 2019 VW Atlas models. Phantom braking complaints include ...
4d
on MSN
VW and workers edge towards cost-cutting deal, sources say
Volkswagen neared a deal with labour leaders in the company's longest negotiations over pay and jobs, sources said on Friday, ...
News24
23h
VW did the smartest thing of any car company in 2024
Software and EV costs dominated car company strategy this year. One legacy brand might’ve made a brilliant investment despite ...
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The future-retro VW microbus is finally here—quirks and all
The battery-electric revival of the classic VW microbus is finally here. The Volkswagen ID.BUZZ concept debuted at the North ...
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VW, Union Agree to Cut Capacity and Keep German Plants Open
Volkswagen AG and labor leaders reached an agreement to cut capacity at its namesake brand while avoiding factory closures, ...
12h
on MSN
Kia EV9 vs. VW ID.Buzz: We Compare Their Real-World Range, Performance, and Practicality
The ID.Buzz went 190 miles on our 75-mph real-world highway route, while the EV9 made it 240 miles, albeit with a bigger battery. The 379-hp EV9 is lighter and quicker than the 335-hp ID.Buzz, with ...
3d
on MSN
VW Won’t Close 10 Plants After All Following Union Agreement
The German automaker and union leaders reached a labor deal to guarantee jobs until 2030, avoiding further mass worker ...
14h
on MSN
California Dealers Tell VW To Cease-And-Desist Scout Direct Sales Model
A dealership group in California has sent Volkswagen a cease-and-desist letter over Scout’s direct-to-consumer plans. The ...
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