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VW reaches union deal to cut 35,000 German jobs

Motor Authority · 20h

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.

The Associated Press on MSN · 3d

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.

Yen on MSN9h

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 ...

12h

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 ...

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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