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Volkswagen workers in Germany have threatened industrial action from January unless the automaker reverses its decision to terminate wage agreements by the end of October. The dispute intensified after the company cancelled almost all wage deals with its German workforce in September, putting established labour protections, including working hours and holiday pay, up for
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Germany’s largest union, IG Metall, has warned of strong opposition if Volkswagen attempts to revise a restructuring agreement reached less than two years ago. Union leader Thorsten Groeger said workers across Volkswagen’s sites would resist any move to reopen the deal, as the automaker considers major changes including plant closures, business carve-outs and up to […]
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German luxury carmaker BMW is preparing discussions with employee representatives after issuing its latest profit warning and announcing plans to accelerate efficiency measures. The company cited continued weakness in the Chinese market and rising costs linked to the conflict involving Iran as key reasons for the weaker outlook. Industry analysts believe BMW could consider