Volkswagen and workers clash over layoffs as profits plummet – DW – 10/30/2024
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A trade union is demanding that VW hold discussions over management plans for plant closures and mass layoffs. Europe's biggest car manufacturer has reported a 64% profit slump and is now seeking to cut costs.

Volkswagen and unions are set for talks over management plans for plant closures and mass layoffs. The talks come as Europe’s biggest car manufacturer reported a profit slump due to high costs and growing competition.

Car giant Volkswagen and labor leaders were set for talks on Wednesday, as company bosses said they would table proposals to tackle high costs and growing competition.

The discussions come on the same day VW announced a 64% plunge in profits and amid concern about widespread job cuts.