December 20, 2024 14:54 GMT
AUTOMOTIVE: Volkswagen (VW A3[N]/BBB+/A-): Latest on Negotiations
AUTOMOTIVE
- Adding to earlier reports, Manager Magazin reports that an agreement in principle has been reached including 10k job cuts over several years. A factory with 2k workers is to be sold after 2 years. A small plant will be repurposed.
- The move will reportedly enable VW to hit its cost savings target and looks more substantial than earlier reports.
https://www.manager-magazin.de/unternehmen/autoindustrie/volkswagen-tarifstreit-beendet-volkswagen-und-betriebsrat-einigen-sich-zwei-werke-wackeln-a-27527137-b82c-4b9e-a45d-a833547c76b6
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