VW WAGE NEGOTIATIONS
Volkswagen workers to go on warning strikes across Germany
Volkswagen employees in Germany will begin warning strikes on Monday following stalled wage and plant closure negotiations with Europe's leading carmaker. The action, the first of its kind since 2018, is driven by concerns over mass layoffs, pay cuts, and potential plant closures due to intense Chinese competition and declining consumer demand.
Strikes to hit Volkswagen in December as clash with labour escalates
Volkswagen workers in Germany could go on strike as early as next week, with the IG Metall union warning of "necessary" walkouts starting from December 1. The dispute centers around layoffs, plant closures, and wage cuts. Volkswagen has proposed a 10% wage reduction to cut costs and increase profits amid declining European car sales and competition from China. The company is also threatening to close German plants for the first time in its history.
Volkswagen union calls for Dec 1 strikes as wage talks stutter
VW's management had refused to rule out the prospect of unprecedented factory closures in Germany, the IG Metall union's negotiator said, but added that talks would continue on Dec. 9.
In high-wage Germany, Volkswagen's labour costs outstrip the competition
Volkswagen faces pressure to reduce labor costs in Germany as they exceed those of rivals like BMW and Mercedes-Benz. While unions demand a 7% pay rise, the company, grappling with high production costs and competition from cheaper Chinese models, proposes a 10% cut. Negotiations are set to begin as Volkswagen aims to improve its competitiveness.
VW talks with unions are 'serious, critical and controversial', works council chief says
Volkswagen is in contentious talks with unions over planned cuts to its German sites. Weekly meetings cover savings, production plans, and wages, with unions demanding discussions as a package. Tensions rise as unions threaten to paralyze VW if plants are closed, suggesting significant resistance from worker representatives who hold sway in the company's decisions.
Volkswagen closure: Workers aren't the only ones worried
Volkswagen is considering closing some factories in Germany for the first time in its history to meet cost-cutting goals. The automaker aims to save 10 billion euros by 2026 amid sluggish sales and increased competition. This move has sparked outrage among workers and concern among politicians.
As Volkswagen weighs its first closure of a German auto plant, workers aren't the only ones worried
Volkswagen is considering closing some factories in Germany for the first time in its history to meet cost-cutting goals. The company needs to save 10 billion euros by 2026 due to a smaller European car market and high costs. This has caused outrage among workers and concern among politicians.
Volkswagen goes head-to-head with workforce over proposed company cuts
Volkswagen management will address a tense workforce at its Wolfsburg headquarters, proposing significant cuts, including factory closures in Germany, to achieve a 6.5% profit margin by 2026. The automaker is considering ending a decades-old job guarantee as part of a 10 billion euro cost-cutting drive.
The sleepy Czech town helping Europe compete in the global chip war
ON Semiconductor Corp. is setting up a $2 billion production facility in Roznov pod Radhostem, Czech Republic, marking the country's largest foreign investment in 30 years.
Volkswagen's labour chief rules out four-day week to save jobs amid Covid-19 outbreak
Germany's largest trade union IG Metall on Aug. 15 proposed negotiating for a transition to a four-day week across industry to help secure jobs, against the backdrop of economic fallout from the coronavirus crisis and structural shifts in the auto sector.
Race-track rivalry moves to boardroom as VW brands battle for electric car jobs
VOLKSWAGEN-POWERSTRUGGLE:Race-track rivalry moves to boardroom as VW brands battle for electric car jobs
Load More
