The automaker agreed to keep all 10 of its factories in Germany open and to guarantee workers’ jobs until the end of 2030.

Here are the main points of a deal struck on Friday between Volkswagen and unions on the carmaker's German sites and jobs. The agreement followed more than 70 hours of talks and averted the spectre of strikes at Europe's largest carmaker.

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.