The agreement at Volkswagen is unprecedented. More than one in four jobs, a total of 35,000, will be destroyed, which ...

VW’s plan to shut factories, cut wages and slash jobs in a bid to restore profitability was parried by unions, but the share ...

VW prepares for an uncertain 'Zukunft' with 35,000 fewer jobs, squeezed by entirely new competitors and rising costs.

It outlines a major cost-cutting plan that includes 35,000 job cuts in Germany and the closure of multiple factories.

Volkswagen has previously threatened closing as many as three factories in Germany for the first time in its history, amid ...

HANOVER - Volkswagen ... to the Wolfsburg-based carmaker as the unions stood firm. IG Metall's threat of strikes was a powerful bargaining chip. UBS estimated every strike day in Germany may ...

Volkswagen and its employee representatives said Friday they have reached a wage deal for 120,000 German workers that avoids ...

Meanwhile, Volkswagen said it would also relocate the production of its popular Golf model from its flagship site in Wolfsburg, Germany, to a factory in Mexico. All in all, the carmaker had ...

More than 35,000 jobs will be cut across Germany as Volkswagen trims production capacity by 734,000 units. Production will ...

Some 64 hours and five days of negotiations between German carmaker Volkswagen ... Wolfsburg, about 80km to the east. VW, Europe’s largest carmaker, is seeking deep cuts to labour costs in Germany.

After more than 70 hours of marathon negotiations, the IG Metall workers union has reached an agreement with the management of car manufacturer Volkswagen ... plants in Germany will now remain ...