14 hours ago
10
November 20, 2024 | 11:23 pm
TEMPO.CO, Berlin - Volkswagen (VOWG_p.DE) workers offered on Wednesday to back 1.5 billion euros ($1.6 billion) in cost savings if it rules out closing plants in Germany but warned the automaker would face a historic battle if it pressed ahead with swingeing cuts.
The proposal comes a day ahead of a third round of crunch talks between workers and management over pay cuts and factory shutdowns in Germany in the fiercest dispute in years at Europe's biggest automaker, which - like other German industrial giants - is reeling from high costs and Chinese competition.
The IG Metall union, arguing the company was trying to push through more than 17 billion euros in cuts, said its offer was also contingent on stakeholders, including Volkswagen's controlling Porsche and Piech families, pitching in.
In an internal memo posted to Volkswagen's intranet and reviewed by Reuters, the carmaker's board member for human resources said management welcomed that unions were open to measures tackling labor costs and capacity, but added that factory closures still could not be ruled out.
REUTERS | Victoria Waldersee | Christina Amann
Editor's Choice: Volkswagen to Develop Low-cost Electric Car to Tackle Chinese Rivals
Click here to get the latest news updates from Tempo on Google News
Top 10 Countries with the Most Gold Reserves in 2024
23 hari lalu
Which country owns the most gold? This article presents the top 10 countries in global gold ownership, with the U.S. leading the list.
Survey: 60% of German Citizens Oppose Military Support for Israel
28 hari lalu
As the government persists in aiding Israel with military weapons, 60 percent of German citizens, according to a survey, reject the plan.
School Lunches Around the World, Healthy and Nutritious
35 hari lalu
Stay on the page to see what school lunches are like in some countries.
Germany Will Send More Weapons to Israel Soon, Scholz Says
40 hari lalu
Germany will supply more weapons to Israel soon, Chancellor Olaf Scholz said on Thursday.
Reflections on Humanity: Lessons from Germany on Keeping Memories of Historical Wrongs Alive
48 hari lalu
Brave historians in Germany continue to keep their stories alive, ensuring that one of the darkest chapters of human history remains visible.
Indonesia Wins 2024 eFootball Manager's World Cup, Beating Germany in the Final
2 September 2024
Indonesia won the eFootball World Cup or FIFAe World Cup 2024 Football Manager on Sunday night, September 1, 2024.
Three Dead After Stabbing Attack at Festival in Western Germany
24 Agustus 2024
Three people were killed and four others seriously wounded in a stabbing attack at a festival on Friday night in Germany
Jewels Stolen in Germany's Green Vault Heist Back on Display
14 Agustus 2024
Nearly five years after the jewelry was stolen in a museum heist in eastern Germany, visitors can once again admire nearly all of the precious pieces.
Climate Activists Disrupt Air Traffic at German Airport; UK Police Arrest Nine
24 Juli 2024
Germany's Cologne-Bonn airport temporarily stopped all flights on Wednesday after climate activist group Last Generation glued their hands to a runway
4 Western Countries are Main Suppliers of Israel's Arms: Here's the Detail
5 Juli 2024
Despite global condemnation, some Western countries continues to be the main supplier of military equipment for Israel.
