Negotiations between Volkswagen and the IG Metall union are reportedly nearing a resolution, with an agreement on a significant cost-cutting package for the automaker. While potential plant closures seem to have been ruled out for some facilities, final approvals from relevant bodies are still pending. The extended negotiations, now in their fifth round, have led to investor optimism, reflected in a recent rise in VW’s stock price. The union continues to seek job security for workers as discussions remain sensitive and could still falter.

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