Thousands of Volkswagen employees are planning to go on strike on Monday as part of an escalating industrial dispute. The German automaker, facing high manufacturing costs, electric vehicle challenges, and intense competition in China, has announced cost-cutting measures which could lead to significant job losses. The IG Metall Union and the workers' council are fighting to protect jobs after VW considered shutting down plants in Germany.
FRANKFURT, Germany — Thousands of Volkswagen workers were to go on strike Monday in an escalating industrial dispute at the crisis-hit German auto giant with thousands of jobs at stake.VW has been hit hard by high manufacturing costs at home, a stuttering shift to electric vehicles and tough competition in key market China. It has announced a plan to cut billions of dollars in costs.
''What follows now is the conflict that Volkswagen brought about -- we did not want it, but we will conduct it as committedly as necessary!'VW said it 'respects workers' rights' and believes in 'constructive dialogue' in a bid to reach 'a lasting solution that is collectively supported.'It also said that it had taken 'measures to guarantee urgent deliveries' during the strike action.
Volkswagen Strike Job Cuts Cost Reduction Electric Vehicles IG Metall Union
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