Volkswagen Rejects Employee Future Plan Amidst Cost-Cutting Challenges
Volkswagen’s management has rejected the employee proposal to consolidate costs, claiming that it does not effectively provide the necessary financial relief. The company stated that a sustainable saving of 1.5 billion euros is not achievable, resulting in disappointment from the IG Metall union. Potential strikes loom as negotiations continue over salary cuts and possible plant closures, with negotiations scheduled to resume on December 9.