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Volkswagen to Spend €16B on Job Cuts, Factory Closures in Historic Restructuring
Valor Econômico·DE·1 day ago
Volkswagen employees, backed by IG Metall, are pressuring management to negotiate over announced cost-cutting measures, demanding adherence to the collective agreement. The standoff raises the risk of strikes and production disruptions at Europe's largest automaker, potentially impacting earnings and supply chains. The outcome is uncertain, with management yet to respond to the union's demands.
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