December 20, 2024 18:31 GMT
GERMANY: VW: No Pay Rises For 6 Years, 35k Job Cuts
GERMANY
Some recent headlines further demonstarting the stress the German auto industry is currently under:
- "*VOLKSWAGEN WORKERS TO FOREGO PAY RAISES FOR NEXT 6 YEARS: UNION
- *VW, UNION AGREE TO REDUCE CAPACITY, AVOID GERMAN PLANT CLOSURES
- *VW TO CUT CAPACITY AT 5 SITES BY SEVERAL HUNDRED THOUSAND UNITS
- *VW, UNION AGREE ON 'SOCIALLY RESPONSIBLE' 35K JOB REDUCTIONS" - all bbg
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