Union reaches agreement with Volkswagen to avoid plant closures
After days of negotiations which looked like they had reached a stalemate, German workers union IG Metall has reached a deal to avoid Volkswagen plant closures as well as redundancies and wage cuts.
Thousands of workers at Volkswagen's headquarters in Wolfsburg launched warning strikes on Monday, with the works council accusing shareholders of prioritising billions in profits while workers face job insecurity and potential layoffs.
Credit: euronews (in English) Duration: 01:54Published
The two-hour stoppages included the company's base plant at Wolfsburg, where workers protested against a cost-cutting drive by the car maker's management which includes the threat of plant closures in Germany.
Credit: euronews (in English) Duration: 01:06Published
Earlier this week, the workers announced that they were willing to accept pay reductions so that the company could continue to keep plants open and avoid mass layoffs.
Credit: euronews (in English) Duration: 01:01Published
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