and potential plant closures, VW’s management faces an uphill battle to balance the company’s financial health with the well-being of its workforce. How Volkswagen handles these restructuring ...
In a significant development for the German auto industry, Volkswagen (VW) is preparing to close at least three plants in Germany and lay off tens of thousands of employees as part of a broader ...
Germany’s biggest automaker said its profit dropped 42 percent in the third quarter, as union leaders warned that workers were ready to walk out over a wage dispute.
Volkswagen said in early September that auto industry headwinds mean it can’t rule out plant closures in its home country, and must drop a job protection pledge in force since 1994 that would ...