Volkswagen, employee representatives reach wage deal after tough negotiations

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Volkswagen, employee representatives reach wage deal after tough negotiations
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FRANKFURT, Germany (AP) — Volkswagen's employee representatives said Friday they have reached a wage deal that wards off management proposals for plant closings in Germany and bars involuntary layoffs through 2030.

FRANKFURT, Germany — Volkswagen's employee representatives said Friday they have reached a wage deal that wards off management proposals for plant closings in Germany and bars involuntary layoffs through 2030.

Union and employee representatives were slated to hold simultaneous news conferences Friday to spell out details of the agreement reached after almost 60 hours of negotiations this week as the two sides pressed to reach a deal before the Christmas holidays.

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