German Unions Warn of Massive Opposition in Turnaround Dispute with Volkswagen
5 Articles
5 Articles
German unions warn of massive opposition in turnaround dispute with Volkswagen
Germany's largest union, IG Metall, on Monday warned of maximum resistance to any efforts by Volkswagen to unwind a previously agreed restructuring package, stopping short of threatening strikes ahead of a crucial board meeting at the end of the week.
The largest union in Germany warned this Monday that it would oppose maximum resistance to any attempt by Volkswagen to reverse a previously agreed restructuring package.
This week's fateful meeting will decide Volkswagen's future. Now the state-owned German owners who control VW want to reach an agreement before the meeting. Another 50,000 employees could lose their jobs when Volkswagen's CEO considers closing three German car factories. Now the management is being pressured by an ultimatum from the German state to avoid total chaos. This week, the fateful meeting will be held that will decide […] The post Fatef…
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