Volkswagen secures job agreements amid cost-cutting measures

Volkswagen has struck a pivotal deal with its union leaders to preserve its 10 German factories & maintain job security agreements until 2030 ... Read More

Volkswagen To Cut 35,000 Jobs In Germany By 2030

Carmaker Volkswagen said Friday it planned to cut about 35,000 jobs in Germany by 2030 under a deal struck with unions aimed at saving four billion euros ($4.2 billion) a year. Read More

Volkswagen boss hails cost-cutting deal but shares fall

Volkswagen's chief executive welcomed a deal to slash jobs and reduce production capacity in Germany without the need to close factories, but the car giant's shares fell heavily on Monday. Read More

Volkswagen Boss Warns Staff Urgent Measures Needed to Save Company

Volkswagen Group's chief executive warned staff that urgent measures are needed ... and sweeping cuts to jobs and pay. Volkswagen has put forward plans to cut workers' pay by 10%. Read More

Volkswagen Aims to Slash Jobs and Close Plants, Works Council Says

Volkswagen’s works council said the auto giant aims to shut at least three factories in Germany, downsize its remaining plants and lay off tens of thousands of staff as part of a cost-cutting drive. Read More

Volkswagen Unveils Major Job Cuts In Cost-saving Drive

Crisis-hit auto giant Volkswagen said Friday it planned to axe 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting plan. The deal, struck at the end of ... Read More

Volkswagen CEO talks tough in address to staff

Credit: dvoevnore. Volkswagen Group CEO Oliver Blume has stressed the necessity for urgent measures to reduce labour costs and capacity to secure the company’s future. Addressing approximately ... Read More

Volkswagen Workers Strike in Germany Over Automaker's Cost-Cutting Plans

Volkswagen AG workers across Germany began striking Monday over the automaker's plans to cut costs. The German company is planning to slash jobs ... its staff and has taken “targeted measures ... Read More

Volkswagen Decides to Cut 35,000 Jobs by 2030 after Intense Union Talks

German automaker Volkswagen (DE:VOW) announced that it would cut over 35,000 jobs in its domestic ... a decrease in development costs, and other structural measures, the company expects to deliver ... Read More

VW reaches union deal to cut 35,000 German jobs after gruelling talks

Deal sees job cuts and capacity ... the largest in Volkswagen's history, protesting against cost-cutting plans. "With the package of measures that has been agreed, the company has set a decisive ... Read More