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VW demands 10% wage cuts to save jobs as profits plunge

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VW demands 10% wage cuts to save jobs as profits plunge
WOLFSBURG, Germany (Reuters) -Volkswagen asked its workers to take a 10% pay cut on Wednesday, arguing it was the only way that Europe's biggest carmaker could save jobs and remain competitive as ...
11/1/2024 - 12:38 am | View Link
Volkswagen demands 20 percent wage cut
Volkswagen wants to cut the wages of its 120,000 employees in Germany by almost 20 percent, thereby saving €2 billion a year. This became known on Wednesday evening after the second round of ...
10/31/2024 - 10:25 am | View Link
Volkswagen weighs wage cuts, bonus reductions, Handelsblatt reports
Volkswagen is exploring a series of cost-cutting measures for its core brand, including a 10% wage cut and a two-year wage freeze, as it seeks to save 4 billion euros, Handelsblatt newspaper reported ...
10/27/2024 - 5:41 am | View Link
UK budget 2024 live: Rachel Reeves’ expected tax hike will hit workers, says ex-Bank of England governor
Reeves facing £16.6bn peak in UK borrowing due to public sector pay rises - Speculation is mounting ahead of 30 October ...
10/27/2024 - 12:10 am | View Link
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