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Volkswagen nears deal with labour leaders
Financial Express Lucknow
|December 21, 2024
VOLKSWAGEN NEARED A deal with labour leaders in the company's longest negotiations over pay and jobs, sources said on Friday, but the final outcome was still uncertain as Europe's largest car-maker tries to push through cuts and avert mass strikes.
Volkswagen has been in talks with labour representatives since September over measures it says are necessary for it to compete with cheaper Chinese rivals, lacklustre demand in Europe and slower-than-expected adoption of electric vehicles.
IG Metall said it would inform the public about the status of negotiations at a press conference scheduled for 1830 CET.
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