Currently, the company is considering shutting down at least three of its ten plants in Germany. On Tuesday, the IG Metall union and Volkswagen’s Works Council announced a plan to reduce labor costs through wage concessions, aiming to save the company €1.5 billion and prevent factory closures in Germany. The company and unions will meet […]

The German company reported an 11 percent drop in operating profit for the first half of this year. IG Metall, one of Germany’s most powerful unions, is considering strikes over Volkswagen’s proposed job cuts, signaling that the German carmaker’s efforts to reduce costs may face challenges. RELATED: Germany’s Border Control Move Sparks Concerns Across EU […]