Talks have been ongoing since Monday in the hope of reaching a deal before Christmas to prevent massive strikes that IG Metall has warned could begin as early as next year
over German plant closures and pay cuts but remain apart in others, the IG Metall union said in a statement on Thursday.
. While there is a strong desire by both sides to find common ground, talks could still fail, several sources said, requesting anonymity as the negotiations were private.Both sides remain far apart on key issues, including the potential for plant closures, which workers strongly oppose but Volkswagen has said may be necessary to cut costs and respond to what it expects is structurally weaker demand in Europe.
Volkswagen, Europe’s biggest automaker, is also grappling with nimble and cheaper Chinese competitors as well as a slower than expected adoption of electric vehicles.
Canada News Breaking News Video Canadian Breaking News Breaking News Globe And Mail Breaking News Globe And Mail Canada News Photos World News Local News National News Us News Foreign News Sports News Arts News Life News Lifestyle Canada Traffic Canada Weather Trudeau Government Federal Government Canada Sports Canada Sports News Politics Politics News Political News Political Opinion Environment Economy Technology Education Travel Canada Alberta Bc British Columbia Manitoba Ontario Quebec Nova Scotia Pei New Brunswick Newfoundland And Labrador Nunavut Northwest Territories Yukon Globe And Mail
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Volkswagen union says compromise must be struck in last-ditch talks before ChristmasUnions have threatened strike action at an unprecedented scale from 2025 if an agreement is not reached this year
Read more »
Volkswagen Labor Talks to Resume Amidst Cost-Cutting FearsHigh-stakes negotiations between Volkswagen management and labor unions will continue Tuesday to address planned cost cuts at German facilities. Despite efforts to reach a pre-Christmas agreement, the talks remain uncertain, with unions demanding no plant closures and Volkswagen unable to exclude that possibility.
Read more »
Marathon talks between Volkswagen, unions to resume in search of pre-Christmas deal to avert strikeBoth sides are seeking to end a bitter standoff over potential factory closures and mass layoffs that has thrown Europe’s top car maker into its biggest crisis in years
Read more »
Volkswagen and Unions Resume Crunch Talks to Avert StrikesVolkswagen and German unions are engaged in intense negotiations to avert major strikes in 2025. The talks, resuming after a brief break, aim to reach an agreement before Christmas to address potential factory closures and mass layoffs.
Read more »
Volkswagen union offers €1.5-billion in cost savings if automaker rules out closing German plantsThe proposal comes a day ahead of a third round of crunch talks between workers and management over pay cuts and factory shutdowns in the fiercest dispute in years at Europe’s biggest automaker
Read more »
Volkswagen’s union demands ‘big step’ from management as strikes in Germany loomVolkswagen has demanded a 10% wage cut, arguing it needs to slash costs and boost profit to defend market share in the face of cheap competition from China and a drop in European car demand
Read more »