VW wage deal for 120,000 German workers avoids layoffs, plant closures
FRANKFURT, Germany — Volkswagen and its employee representatives said Friday they have reached a wage deal for 120,000 German workers that avoids plant closings and bars involuntary layoffs through 2030. The agreement includes provisions for VW to shed more than 35,000 jobs through early retirement and buyouts by 2030. The deal, reached in drawn-out bargaining […]
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