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The deal includes "socially responsible" job cuts of over 35,000 German factory workers by 2030. VW's New Union Deal Prevents German Factories from Closing Skip to main content
Volkswagen is weighing whether to close factories in Germany for the first time in its 87-year history as it moves to deepen cost cuts amid rising competition from China’s electric vehicle makers.
To address the issue, Volkswagen has proposed a 10 per cent pay cut for its 120,000 German employees and suggested closing three of its German plants. Workers’ representatives have voiced strong ...
VW was considering closing up to three factories in Germany and had been calling on its workforce to accept a 10% pay cut. At the time, the union was calling for a 7% increase.
The company scrapped a 30-year-old labor agreement in September, which opened the way for layoffs, while it has also proposed closing factories in Germany for the first time in its 87-year history.
The German Volkswagen Group is the largest automaker in the world as of 2015. [1] As of 2019 [ref] , it has 136 production plants, and employs around 670,000 people around the world who produce a daily output of over 26,600 motor vehicles and related major components, for sale in over 150 countries.
The Wolfsburg Volkswagen Plant is the worldwide headquarters of the Volkswagen Group. [1] Situated in Wolfsburg, Germany, it is one of the largest manufacturing plants in the world, with an area of just under 6.5 million m 2 (70 million sq ft) and a building area of 1.6 million m 2 (17 million sq ft). [2] In 2015 the plant produced 815,000 cars.
Volkswagen has said it may need to close plants in Germany for the first time in its 87-year history. In October, it also said employee pay would need to be cut by 10% to make the company more ...