Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

FOUND: Ig metall - You Need To See This

Volkswagen to cut 100,000 jobs by end of decade in biggest restructuring in global auto industry

Volkswagen has approved plans to cut 100,000 jobs by the end of the decade, marking the biggest restructuring in the global auto industry. The automaker, hit by US tariffs, weak EV demand and Chinese competition, will also review the future of four German plants, though no closures have been approved.

The Economic Times

Why a longer working week may not fix Volkswagen's woes

German automakers face high labor costs and foreign competition. Calls are rising to extend the standard 35-hour work week to 40 hours. This change could potentially reduce costs for German auto plants. However, experts doubt it will solve structural issues or demand problems. Unions advocate for cooperation, citing past successful…

The Economic Times

Mercedes-Benz Boss Says German Workers Are 'Too Expensive' and Backs Longer Hours Without Extra Pay

Germany's industrial sector debates a return to a 40-hour week without extra pay amid rising costs and declining competitiveness. Unions and economists discuss the implications.

International Business Times UK

From analysis to the latest developments in health,
read the most diverse news in one place.

From Tokyo to London, heatwaves send men to work in shorts

The sweltering summer temperatures are prompting men to ditch long pants for shorts in the office, with retailers noting a rise in sales of linen shorts and suits in Britain. Some businesses are softening their dress codes to help employees deal with the heat. Unions are advocating for more flexible…

The Economic Times

Porsche to Cut 5,000 More Jobs Amid China Slowdown and Weak EV Demand, Total Nears 9,000

Porsche to cut 5,000 additional jobs by 2035 amid declining demand and competition, while investing $2.39 billion in key facilities and site protection to protect profitability and navigate industry shifts.

International Business Times UK

VW chief confirms plan to cut 50,000 jobs as board rejects plant closures

Oliver Blume tells staff restructuring proposal includes ‘controversial decisions’ but he has broad support

The Guardian - UK

Volkswagen risks 'major conflict' with staff over cost-cutting drive, union warns

Chief Executive Oliver Blume is considering cutting 100,000 jobs worldwide, around 16% of Volkswagen's global workforce, and closing three Volkswagen plants in Germany as well as one Audi factory,

Euronews

Read news from The Economist, FT, and more,
with one subscription

Volkswagen faces crunch talks over 100,000 job cuts and factory closures

German auto giant Volkswagen's management meets Thursday to discuss plans for what could be the biggest ever restructuring in the global auto industry, with unions set to protest any mass job cuts.

Euronews

Unions to protest as Volkswagen thrashes out job cut plans

German auto giant Volkswagen's management meet Thursday to thrash out plans for what could be the biggest ever restructuring in the global auto industry, with unions set to protest any mass job cuts. IG Metall is organising protests by VW workers outside plants across the country Thursday, when the carmaker's…

The Economic Times

Mercedes-Benz Workers Protest Plan to Make Them Work 260 More Hours a Year for Free

Mercedes-Benz workers in Germany protest against a proposal to increase the work week from 35 to 40 hours without extra pay, amid cost-cutting measures by the company.

International Business Times UK

Volkswagen labour leaders stand by 'red line' on plant closures

In a firm stand against potential factory closures in Germany, Volkswagen's labor representatives have voiced their commitment to preserving jobs. While they acknowledge the need for discussions about less active production sites, their position is grounded in a 2024 restructuring agreement.

The Economic Times

Union fails to win control of works council at Tesla’s German factory

IG Metall says it will continue fighting for workers’ rights despite failing to win majority on employee body

The Guardian - UK

Union tries to seize control of works council at Tesla’s German factory

Lawsuits and slander claims fly in IG Metall’s battle with Elon Musk over employment rights and conditions

The Guardian - UK

Billions at stake: Chancellor Merz backs European patriotism for steel

If German steel production moves abroad, researchers warn this could result in a loss of up to €50 billion per year in value added.

Euronews

Get all your
news in one place.

100's of premium titles.
One news app.

Motor1

Ford Is Spending Billions to Save Itself in Europe

Ford Motor Company announced Monday it's investing billions of dollars to transform its European operations. The automaker said it wants to reduce costs and increase its competitiveness on the continent.

Motor1

Volkswagen Strikes a Deal With Union, Won't Close Factories After All

Volkswagen won’t have to close any of its factories in Germany after all. The automaker has reached an agreement with its IG Metall union that will keep all 10 of the automaker’s plants open in its home country. The automaker is also guaranteeing its workers jobs until the end of…

International Business Times

German VW Workers Kick Off Second Round Of Strikes

Thousands of Volkswagen workers walked out on Monday in the second round of strikes in the escalating conflict between unions and management over the German carmaker's drastic savings plans.

InsideEVs

Tesla Leans Hard On The Tax Credits That Elon Musk Wants To Cut

It's a hypocrisy of epic proportions. A company led by a CEO who vehemently opposes federal incentives is now leveraging them aggressively as 2024 draws to a close. Tesla CEO Elon Musk supports ending the consumer EV credits, arguing they would ultimately benefit his company and hurt competitors—but as the year…

Get all your
news in one place.

100's of premium titles.
One news app.

The Independent UK

Volkswagen workers stage mass protest across Germany

Volkswagen employee representatives say workers should not bear the brunt of management’s failure to produce appealing products

Benzinga

Volkswagen Faces Fierce Labor Pushback Over Factory Closures, Wage Cuts

Volkswagen workers in Germany strike over job and wage cuts, escalating tensions with management and facing headwinds from EV demand and competition

The Independent UK

Volkswagen workers hold 2-hour strikes to push back against proposed pay cuts and plant closures

Volkswagen workers have launched rolling two-hour strikes at nine plants across Germany to underscore their resistance to pay cuts and factory closures

The Guardian - UK

Volkswagen workers in Germany to strike over plan to cut jobs and pay

Employees take action over plans to axe at least three plants in first domestic closures in company’s 87-year history

International Business Times

Thousands To Strike At Volkswagen's Germany Plants

Thousands of Volkswagen workers were to go on strike Monday in an escalating industrial dispute at the crisis-hit German auto giant with thousands of jobs at stake.

International Business Times

VW's German Workers To Strike From Monday

Workers at German factories for carmaker Volkswagen are to go on strike from Monday over plans to cut thousands of jobs, union IG Metall said Sunday.

International Business Times

Volkswagen Workers Head Towards Strikes From December

Volkswagen workers in Germany took a step closer to strike action on Thursday, after unions and management met for the third round of talks over the ailing carmaker's drastic cost-cutting plans.

1 2

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.