Workers and management hold second round of talks Volkswagen could shut plants for first time in Germany Q3 profit drops 42%, lowest in three years Hit by high costs, weak demand in China and ...
The company will resume talks with labor unions and employee representatives Wednesday and discuss “possible plant closures in Germany,” Antlitz said. Volkswagen later said in a statement that ...
Copyright 2024 The Associated Press. All Rights Reserved. A Volkswagen logo of a car dealer is pictured in Neu-Anspach near Frankfurt, Germany, Wednesday, Oct. 30 ...
BERLIN (AP) — Volkswagen said significant cost cuts are urgently needed as it reported a steep decline in third-quarter ...
The figures came two days after the head of Volkswagen's works council said management had informed employee representatives that it wants to close at least three plants in Germany. The company ...
Volkswagen Group posted grim results Wednesday setting off a political battle in Germany as the country scrambles to figure out how to exit its economic malaise. The third quarter results for Europe's ...
In early September, Volkswagen said challenging conditions in the automotive sector could necessitate plant closures within Germany and could mean withdrawing a longstanding job protection ...
Volkswagen is seeking to cut billions in costs after issuing two profit warnings in three months. On Monday, its top union official said the company was planning factory closures in Germany for ...
Germany's automotive industry is facing an increasingly difficult outlook. Volkswagen may close factories in Germany for the first time, and BMW and Mercedes-Benz are struggling. Experts told BI that ...
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