VW Executives Face Pay Cuts as Part of Restructuring Deal
Volkswagen AG managers are facing hefty pay reductions in the coming years as part of an agreement with labor to make Europe’s biggest automaker more competitive.
VW reaches union deal to cut 35,000 German jobs after gruelling talks
Volkswagen on Friday announced sweeping changes to its German operations, including more than 35,000 future job cuts and sharp capacity reductions in a last-gasp deal between Europe's top carmaker and unions to avert mass strikes.
Volkswagen reaches deal with union after grueling talks
Volkswagen announced sweeping changes to its German operations, including more than 35,000 future job cuts and capacity reductions in a last gasp deal between Europe’s top carmaker and unions on Friday to avert mass strikes.
VW Group, union agree to cut 35,000 jobs, nix German plant closures
VW Group threatened to close up to three plants in Germany, but a deal with workers means those plants are safe.
Volkswagen shares fall as markets struggles to digest unions deal
Volkswagen shares were down 3% in early trade on Monday with analysts citing uncertainty about the automaker's cost-cutting deal with unions and likely headwinds in 2025. Friday's agreement, hailed by unions as a "Christmas miracle",
Volkswagen strikes deal to avoid German plant closures
VW and labor unions agreed on job cuts, capacity reductions, and production shifts to maintain German factories while tackling declining demand for electric vehicles.
VW wage deal for 120,000 German workers avoids layoffs, plant closures
FRANKFURT, Germany -- Volkswagen and its employee representatives said Friday they have reached a wage deal for 120,000 German workers that avoids plant closings and bars involuntary layoffs through 2030. The agreement includes provisions for VW to shed more than 35,000 jobs through early retirement and buyouts by 2030.
Volkswagen Reaches Agreement with Union to Cut 35,000 Jobs
But like many traditional automakers, Volkswagen faces increasing pressure to adapt to a rapidly changing industry. Electric vehicles, cheaper competitors, and shifting consumer preferences have created significant challenges.
cbtnews2h
CNCDA takes legal action against VW’s direct sales plans for Scout brand in California
The CNCDA issued a cease-and-desist letter to VW and its affiliate, Scout Motors, following VW’s announcement to sell ...
The 2025 Volkswagen Taos Is Surprisingly Spacious for a Compact SUV
F or 2025, the Volkswagen Taos is getting a mid-cycle refresh, the first since its initial debut in 2022. The brand's ...
Personnel Today1h
Volkswagen agrees deal to avoid compulsory redundancies
Volkswagen strikes end with deal preventing compulsory redundancies and plant closures but company remains set on ...
AutoExpress3h
Volkswagen Golf moves to Mexico, as German giant sheds 35,000 jobs
VW’s iconic Golf hatchback is following in the wheeltracks of its Beetle ancestor to a second life in Mexico, as the company ...
Volkswagen ID.Buzz Winter Road Trip: ‘A Total Train Wreck’
However, since the U.S. specs of the reimagined Microbus hit the interwebs, a lot of people can’t move past one figure: 234 ...
Hosted on MSN17h
Volkswagen and IG Metall strike agreement on Germany cost cuts
No plant closures, but VW Group manufacturing capacity will be cut by 730k across German plants and 35k jobs to go.
Khaleej Times1d
Volkswagen unveils major job cuts in cost-saving drive
Crisis-hit auto giant Volkswagen said Friday it planned to axe 35,000 jobs by 2030 in Germany after reaching an agreement ...