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Germany, VW and wage deal
VW Group, union agree to cut 35,000 jobs, nix German plant closures
VW Group threatened to close up to three plants in Germany, but a deal with workers means those plants are safe.
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 sharp capacity reductions in a last-gasp deal between Europe's top carmaker and unions to avert mass strikes.
VW wage deal for 120,000 German workers avoids layoffs, plant closures
FRANKFURT, Germany -- Volkswagen and its employee representatives said Friday they have reached a wage deal for 120,000 German workers that avoids plant closings and bars involuntary layoffs through 2030. The agreement includes provisions for VW to shed more than 35,000 jobs through early retirement and buyouts by 2030.
VW Deal Avoids Plant Closures, but Not Job Cuts
VW prepares for an uncertain 'Zukunft' with 35,000 fewer jobs, squeezed by entirely new competitors and rising costs.
VW, union agree to cut 35,000 jobs in Germany, avert strikes
Volkswagen announced sweeping changes to its German operations, including more than 35,000 future job cuts and capacity reductions in a last-gasp deal between Europe's top carmaker and unions on Friday to avert mass strikes.
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.
Volkswagen Cuts Manager Salaries by 10% Amid Job Reductions and Production Cuts
Volkswagen is cutting manager salaries by 10% and reducing jobs by over 35,000 to address production capacity and avoid strikes.
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.
Yen on MSN
8h
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 ...
3d
What's in Volkswagen's deal with the unions in Germany?
Here are the main points of a deal struck on Friday between Volkswagen and unions on the carmaker's German sites and jobs.
3d
Volkswagen Reaches Labor Deal, Avoiding Germany Plant Closures
The automaker agreed to keep all 10 of its factories in Germany open and to guarantee workers’ jobs until the end of 2030.
11h
Former Volkswagen CEO accuses judge of bias in Dieselgate case
Former Volkswagen Group chief executive Martin Winterkorn has accused the judge leading a criminal trial into the 77-year-old ...
3d
Volkswagen reaches deal with union after grueling talks
Volkswagen announced sweeping changes to its German operations, including more than 35,000 future job cuts and capacity ...
2d
VW, union reach deal that avoids layoffs and closures
Volkswagen and its employee representatives said Friday they have reached a wage deal for 120,000 German workers that avoids ...
1d
Volkswagen unveils major job cuts in cost-saving drive
“We had three priorities in the negotiations: Reducing excess capacity at the German sites, reducing labour costs and ...
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