Volkswagen Scraps Jobs Guarantees at Six German Auto Plants

Published on September 10, 2024

Volkswagen has given the IG Metall trade union notice it is scrapping labor agreements, including a promise not to make redundancies at six German auto plants before 2029. The move was made after the company’s management warned earlier this month that it could shut plants in Germany for the first time since Volkswagen was founded in 1937. The employment guarantees, which date back decades, are being sacrificed as part of a cost-cutting drive as Volkswagen adjusts to cut-throat competition in the electric vehicle market from cheaper Asian auto manufacturers, especially from China. Volkswagen CEO Oliver Blume said the company must cut costs to remain competitive....

Continue reading on website
Other news

Starmer Wins Vote on Cutting Winter Fuel Allowance for Millions of Pensioners

September 10, 2024
The government has defeated a Conservative motion to block plans to means test the Winter Fuel Payments, meaning millions of pensioners will no longer be able to access them.On Tuesday, MPs voted 348 to 228 against the motion, with just one Labour MP—Jon Trickett—rebelling, according to the House of Commons division list.Trickett wrote on social media platform X that he voted against the governmen

Police Seek Suspects After ‘Extreme’ BC Road Rage Attack Leaves Couple Hospitalized 

September 10, 2024
A young couple was sent to hospital with serious injuries after being beaten with a baseball bat upon exiting a Tim Hortons drive-thru in British Columbia’s Lower Mainland over the weekend.Police are on the lookout for two suspects thought to be involved in the Sept. 8 road rage incident that left a 21-year-old female and a 20-year-old male with “significant but non-life-threatening injuries,” Mis