December S&P 500 E-Mini futures are trending down -0.19% this morning as investors held back from making big bets ahead of a crucial U.S. inflation report that could influence the ...

Volkswagen is set to make an unprecedented move: closing three German factories in a drastic cost-saving effort aimed at ...

According to the VW Works Council, thousands of VW employees are set to soon receive anniversary bonuses, which management now wants to cut. Under the current collective agreement, workers receive ...

The German automaker plans major cost cuts, including potential factory closures and layoffs, to boost competitiveness and sustainability. Credit: fotokaleinar ...

The automaker is also looking at capping bonuses to top-tier employees. VW is also said to be thinking about slashing as many as 30,000 jobs across its network. The VW passenger car brand needs to ...

Berlin, Germany — Volkswagen on Wednesday said it had demanded a 10-percent wage cut in negotiations with workers’ groups that fear the ailing German auto giant will close several plants on ...

BERLIN (Reuters) - Volkswagen's planned cost-cutting programme was unavoidable in order to remedy "decades of structural problems" at the German carmaker, CEO Oliver Blume said in an interview ...

Volkswagen AG laid out a cost-savings proposal to workers that could avoid factory closures in Germany. Arne Meiswinkel, the automaker’s chief negotiator, said the plan includes a 10% pay cut ...

Volkswagen has finally presented their proposal to the IG Metall union, which calls for the elimination of some bonuses as well as a 10% pay cut. This stands in contrast to the union’s demand ...

Volkswagen plans to close three German car factories, lay off thousands of German workers and cut salaries by 10% for those unaffected by the layoffs. VW’s works council leader Daniela Cavallo ...

"The weak market demand in Europe and significantly lower earnings from China reveal decades of structural problems at VW," Blume told ... workers to take a 10% pay cut, arguing it was the only ...