VW to Close Three Plants, Cut Thousands of Jobs and Wages
October 28, 2024
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1:00Now PlayingVW to Close Three Plants, Cut Thousands of Jobs and Wages
YouTube Description
as posted by the channel#Volkswagen AG plans to close at least three factories, eliminate thousands of jobs and slash wages for tens of thousands of #German workers as #Europe biggest automaker tries to halt its tailspin. #business #worldnews
The proposals to fix the struggling #VW brand represent unprecedented cuts and underscore the extent of the crisis at Volkswagen. The German manufacturer has never closed a factory in its home country and a plan to reduce salaries by 10% could affect some 140,000 workers there.
Following weeks of tensions after Volkswagen canceled a job-guarantee agreement this summer, some 25,000 workers rallied at the company’s headquarters in #Wolfsburg on Monday.
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