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Volkswagen Faces Potential Strikes After Failed Labor Negotiations

Volkswagen is facing the possibility of warning strikes as labor negotiations with IG Metall have reached an impasse. After three rounds of talks, significant differences remain regarding wage increases and potential plant closures. The discussions will resume on December 9, but if no agreement is reached, strikes may begin on December 1, when peace obligations expire. The workers are demanding a 5.1% pay increase, while VW has pushed for wage reductions. The company aims to improve its profitability but continues to face scrutiny in the stock market.

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