• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

VW, unions resume last-ditch round of talks for the year on cost cuts

by December 17, 2024
written by December 17, 2024

BERLIN (Reuters) – Volkswagen (ETR:VOWG_p) management and labour representatives will resume high pressure talks on Tuesday morning over planned cost cuts to the carmaker’s German sites after a 13-hour negotiation round on Monday failed to produce an agreement.

Unions said late on Monday night that it was still “far from clear” whether Tuesday’s talks would bring the two sides closer to one another or reach a stalemate, with unions adamant that any solution must exclude plant closures and the carmaker insisting it cannot rule them out.

Both sides had expected the talks to last several days in a last-ditch attempt to reach an agreement before Christmas and avoid the conflict, which erupted the formerly peaceful relationship between works council chief Daniela Cavallo and Chief Executive Oliver Blume, from dragging into next year.

Unions have threatened unprecedented strike action in the new year if a deal is not reached this week.

“Workers don’t want to go into Christmas in fear,” works council chief Daniela Cavallo told union members outside the hotel before talks began early on Monday, the fifth round since early September.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Indonesia stocks lower at close of trade; IDX Composite Index down 1.11%
next post
US finalizes $406 million chips subsidy for Taiwan’s GlobalWafers

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Lawyer group urges overhaul of US bank charter...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Wall Street mixed ahead of Alphabet earnings
    • Mexico stocks lower at close of trade; S&P/BMV IPC down 0.62%

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy