VW WAGE DEAL FOR 120,000 GERMAN WORKERS AVOIDS LAYOFFS, PLANT CLOSURES
https://s.yimg.com/ny/api/res/1.2/85K8EUf8wEksokKiNECwgw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/ap_finance_articles_694/9376dc8dbd8b0890fda57474808fefbc
✍️ Volkswagen and its employee representatives have reached a wage deal that avoids plant closings and involuntary layoffs through 2030, while shedding jobs through early retirement and buyouts.
👉 Volkswagen and employee representatives reached a wage deal 👉 The deal avoids plant closings and involuntary layoffs through 2030 👉 The company will shed jobs through early retirement and buyouts 👉 The deal saves VW 1.5 billion euros a year in labor costs 👉 The deal saves VW 4 billion euros a year by slashing manufacturing capacity
-- #ThomasSchaefer #ThorstenGroeger #DanielaCavallo #Germany #Frankfurt #Wolfsburg #Dresden #Osnabrueck #Puebla,Mexico #business
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