VW Nears Labor Deal That Would Keep German Car Plants Open

Image for article VW Nears Labor Deal That Would Keep German Car Plants Open
News Source : Financial Post

News Summary

  • Volkswagen AG and labor leaders are moving closer to an agreement to restructure the automaker’s namesake brand without shuttering factories in Germany
  • Management is willing to keep plants running and reinstate job security agreements until 2030 in return for workers foregoing bonus payments
Volkswagen AG and labor leaders are moving closer to an agreement to restructure the automakers namesake brand without shuttering factories in Germany, according to people familiar with the matter. [+7929 chars]

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