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Porsche staff to join wave of strikes in key German industries

Porsche AG staff in Stuttgart will strike for higher pay alongside other German industries, as collective bargaining for nearly 4 million workers reaches a critical point amidst rising tensions at Volkswagen.

investing.com • 28/10/2024 - 17:08 PM

VOWG_p

Factbox-Which Volkswagen factories in Germany could be hit by layoffs or closed?

Volkswagen plans to close at least three factories in Germany, ending job security measures and potentially leading to thousands of layoffs amid increasing competition.

investing.com • 28/10/2024 - 14:22 PM

VOWG_p

Explainer-Volkswagen Law: the unique structure behind the German carmaker's labour clash

Volkswagen's controversial governance and labor agreements are examined, highlighting its complex ownership structure and the influence of the Volkswagen law on decision-making.

investing.com • 28/10/2024 - 13:20 PM

VOWG
VOWG_p

Volkswagen plans major layoffs as part of cost-cutting effort

Volkswagen plans major layoffs and wage cuts to reduce costs by €4 billion amid financial struggles, leading to tensions with unions over potential factory closures and restructuring.

investing.com • 28/10/2024 - 12:12 PM

VOWG_p

Volkswagen's labour chief warns of mass layoffs, plant closures in Germany

Volkswagen plans to close factories and lay off staff in Germany due to rising costs and declining productivity amidst competitive pressures and calls for union negotiations.

investing.com • 28/10/2024 - 12:07 PM

VOWG_p

Volkswagen labour chief sounds alarm on mass layoffs, three German plant closures

Volkswagen plans to close factories in Germany, cut jobs, and restructure amid economic challenges in the auto industry and pressure from unions and the government.

investing.com • 28/10/2024 - 10:29 AM

VOWG_p

Volkswagen weighs wage cuts, bonus reductions in push to save 4 billion euros - Handelsblatt

Volkswagen is implementing cost-cutting measures, including wage cuts and potential production site closures, to save 4 billion euros amid economic pressures and worker concerns.

investing.com • 27/10/2024 - 17:41 PM

TSLA
VOWG_p

Auto dealer groups to challenge Scout Motors' decision to sell directly to US consumers

U.S. auto dealers plan to challenge VW's Scout Motors for bypassing independent retailers and selling directly to consumers, similar to Tesla's model.

investing.com • 25/10/2024 - 14:03 PM

VOWG_p

Volkswagen has still not presented future plan for brand, says works council boss

Volkswagen lacks a competitive strategy amid labor cost focus, raising fears of job cuts. Negotiations and worker gatherings are planned in response to potential factory closures.

investing.com • 25/10/2024 - 10:28 AM

VOWG_p

VW's Scout Motors unit will offer EV SUVs, trucks with gas engine option

Volkswagen's Scout Motors revealed a concept electric SUV and truck, planning extended-range versions with a gasoline engine; production starts in 2027 at a new factory in South Carolina.

investing.com • 24/10/2024 - 22:36 PM

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