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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 deal includes "socially responsible" job cuts of over 35,000 German factory workers by 2030. ... News. Shopping. Main Menu. News. News. Entertainment ...
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.
Volkswagen has 10 assembly and parts plants in Germany, where 120,000 of its 684,000 workers worldwide are based. As Europe’s largest carmaker, the company is a symbol of the country’s consumer prosperity and economic growth after World War II. It has never closed a German factory before.
WOLFSBURG, Germany (Reuters) -Volkswagen plans to shut at least three factories in Germany, lay off tens of thousands of staff and shrink its remaining plants in Europe's biggest economy as it ...
Volkswagen plans to close at least three factories in Germany, lay off tens of thousands of staff and downsize remaining plants in the country, the company’s employee group said Monday.
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.
Volkswagen's employee council says the automaker plans to close at least 3 German plants Updated October 28, 2024 at 8:46 AM The logo of Volkswagen is photographed at the Paris Auto Show, in Paris ...