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VW plans for factory closures cross several red lines, works council chief says

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November 20, 2024
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VW plans for factory closures cross several red lines, works council chief says
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WOLFSBURG/BERLIN (Reuters) – Volkswagen (ETR:VOWG_p) is planning to shut factories in every scenario presented to labour representatives, putting both factions on collision course in a dispute over pay and jobs, and raising the spectre of strikes.

Daniela Cavallo, speaking a day ahead of a third round of negotiations between VW management and unions, said the proposals crossed several red lines and were not acceptable, asking the company to come up with a plan that maps out a future for all sites.

This post appeared first on investing.com
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