Automobile unions oppose pay cuts and layoffs, Germany's Volkswagen faces threat of large-scale strikes
Global Finance
2024-11-21 17:26:17
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- Automobile unions oppose pay cuts and layoffs, Germany's Volkswagen faces threat of large-scale strikesGlobal Finance
The German Metals Union held a press conference in Wolfsburg, where Volkswagen is headquartered, on November 20, local time, and once again clearly opposed the salary cuts, layoffs and factory closures proposed by Volkswagen management.
The union said that in order to reduce the company's production costs, it can accept reducing working hours to retain more jobs, and incorporate part of the planned increase in workers' wages and bonuses into a "future fund" to help companies cope with risks.
The union estimates that these measures can help Volkswagen reduce labor costs by 1.5 billion euros. If this plan is not accepted by management, a "large-scale strike never seen before in this country" will be held from December 1.
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