labor agreements Archives

Whatsapp
Twitter
Facebook
Linkedin
Email

Global

Volkswagen ends employment guarantees

September 18, 2024September 17, 2024 Abhijeet0Tagged automotive manufacturing, automotive sector, BYD, competition, corporate restructuring, cost-cutting, Daniela Cavallo, economic uncertainty, electric vehicles, employee resistance, employment guarantees, factory closures, German industry, Germany, IG Metall, industrial relations., job security, labor agreements, Tesla, Volkswagen, workforce negotiations

Volkswagen Scraps Decades-Old German Job Security Pact Volkswagen, Europe’s top carmaker, has announced the cancellation of several labor agreements, including a guarantee of jobs until 2029 at six German plants. This move is part of the company’s cost-cutting drive as it struggles to compete against cheaper Asian rivals and adapt to the changing automotive landscape.The decision […]

2 mins read