Reported 10 days ago
Volkswagen has agreed to cut over 35,000 jobs in Germany as part of a critical deal with trade unions to prevent mass strikes. The agreement aims to secure a sustainable future for the company while reducing costs amid rising competitive pressures in the automotive industry. German Chancellor Olaf Scholz and other stakeholders welcomed the compromise, which is seen as a necessary step toward improving Volkswagen's competitiveness and securing future investments.
Source: YAHOO