Volkswagen Crisis: Challenges and Negotiations Ahead
Volkswagen faces potential layoffs in key plants amidst weak sales in China and expired electric car purchase incentives. Historical job security models contrast with current uncertainties under scrutiny by Lower Saxony and the works council.
Discussions between VW and IG Metall highlight looming negotiations on cost-cutting plans and job security. Meanwhile, concerns shift to BMW's troubles, with price hikes and recalls adding to the German auto industry's woes.
Amidst shifting market dynamics, a push for electric vehicles, and global challenges, German automakers face a rocky road ahead.
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