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Volkswagen digs in
Volkswagen digs in as workers threaten strikes over plant closures
HANOVER, Germany, Sept 25 (Reuters) - Volkswagen (VOWG_p.DE) flatly rejected union demands after the first round of bitterly contested talks ended without agreement on Wednesday, as workers at Europe's largest automaker threatened strikes against layoffs and possible plant closures.
Volkswagen rejects labour pay demands amid threat of plant closures
German automaker Volkswagen rejected trade union demands for pay increases for German workers and continued to warn of deep cuts instead during initial collective bargaining talks on Wednesday. VW earlier this month cancelled a long-standing job security deal with workers and warned that it could no longer rule out mass layoffs or plant closures as part of an austerity plan at the auto brand.
In The Absence Of Plant Closures, Volkswagen May Have To Cut Dividend
Volkswagen's share price is significantly down, with a forward P/E ratio of 3.4 and a dividend yield over 9%. Find out why VLKAF stock is a Sell.
19h
on MSN
Volkswagen workers threaten strikes to fight 'historic mistake' of plant closures
By Christina Amann and Christoph Steitz HANOVER, Germany (Reuters) -Union leaders threatened strikes and warned Volkswagen on ...
1d
Volkswagen Starts Key Pay Talks With Unions in Shadow of Possible Plant Closures
HANOVER, Germany (Reuters) - Powerful trade unions and executives at Volkswagen will kick off talks over pay on Wednesday ...
Automotive News
15h
VW, IG Metall union fail to agree as layoffs, plant closures loom
VW rejected union demands after the first round of bitterly contested talks ended on without agreement, as workers threatened ...
1d
on MSN
Volkswagen union negotiations begin amid looming factory shutdowns in Germany
Volkswagen has embarked on crucial discussions with its trade unions, initiating a pivotal negotiation phase that will shape ...
6d
German economy minister offers help to Volkswagen to avoid site closures
German Economy Minister Robert Habeck said on Friday that he wants to help Volkswagen get through a period of cost-cutting ...
1d
Volkswagen Starts Key Pay Talks With Unions Amid Potential Plant Closures
Unions and government officials responded with alarm to the idea of plant closures in the group's home market, a decision ...
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