Volkswagen boss hails cost-cutting deal

Volkswagen avoids factory closures in Germany with a deal cutting 35,000 jobs by 2030
Volkswagen has announced a deal with European unions to avoid factory closures in Germany and massive strikes. As part of the agreement, more than 35,000 jobs will be eliminated in a “socially responsible” manner by 2030,
Volkswagen Boss Hails Cost-cutting Deal But Shares Fall
Volkswagen's chief executive welcomed a deal to slash jobs and reduce production capacity in Germany without the need to close factories, but the car giant's shares fell heavily on Monday.
Volkswagen to cut 35,000 jobs but keep factories open
Volkswagen announced a “Christmas miracle” with sweeping changes to its German operations but no immediate factory closures, layoffs, or wage cuts. Still, some 35,000 jobs are on the chopping block in the coming soon.
What's in Volkswagen's deal with the unions in Germany?
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.
VW wage deal for 120,000 German workers avoids layoffs, plant closures
Volkswagen’s employee representatives say they have reached a wage deal. The deal will ward off management proposals for plant closings in Germany and bars involuntary layoffs through 2030.
Volkswagen reaches deal with union after grueling talks
Volkswagen announced sweeping changes to its German operations, including more than 35,000 future job cuts and capacity reductions in a last gasp deal between Europe’s top carmaker and unions on Friday to avert mass strikes.
VW, union agree to cut 35,000 jobs in Germany, avert strikes
Volkswagen announced sweeping changes to its German operations, including more than 35,000 future job cuts and capacity reductions in a last-gasp deal between Europe's top carmaker and unions on Friday to avert mass strikes.
Volkswagen strikes deal to avoid German plant closures
VW and labor unions agreed on job cuts, capacity reductions, and production shifts to maintain German factories while tackling declining demand for electric vehicles.
VW Deal Keeps German Factories, Prevents Mass Layoffs, Saves Billions
Volkswagen and IG Metall have made a deal to save the automaker's plants in Germany. The potential for mass layoffs and unprecedented plant closures is now over, at least until 2030, and wage cuts have been axed.
Volkswagen to cut more than 35,000 jobs in Germany by 2030
Volkswagen on Friday said it had agreed with unions to cut more than 35,000 jobs at its German sites by 2030 in a socially responsible manner, which would help achieve more than 15 billion euros ($15.
Volkswagen's Golf is about to get a lot more expensive
A recent deal between VW and the union representing its German workforce is pushing the Golf into potentially costly ...
Volkswagen Reaches Labor Deal, Avoiding Germany Plant Closures
The automaker agreed to keep all 10 of its factories in Germany open and to guarantee workers’ jobs until the end of 2030.
Former Volkswagen CEO accuses judge of bias in Dieselgate case
Former Volkswagen Group chief executive Martin Winterkorn has accused the judge leading a criminal trial into the 77-year-old ...
Volkswagen unveils major job cuts in cost-saving drive
“We had three priorities in the negotiations: Reducing excess capacity at the German sites, reducing labour costs and ...