VW, unions proceed marathon talks over crops, jobs on Wednesday, sources say

HANOVER, Germany (Reuters) -Talks between Volkswagen (ETR:VOWG_p) and unions on cuts to its German operations continued via the night time and into Wednesday, in line with two sources accustomed to negotiations, as the perimeters battle to achieve an answer earlier than Christmas.

The newest spherical of talks, which kicked off on Monday, displays efforts by either side to hunt settlement over mass layoffs and plant closures in what has turn out to be the carmaker’s greatest disaster in recent times.

There is no such thing as a assure that talks will lead to a deal, the folks mentioned, including talks might nonetheless collapse in what has turn out to be a standoff, with unions staying firmly against plant closures whereas VW refrains from ruling them out.

IG Metall hopes for an settlement this week to offer staff peace of thoughts earlier than Christmas, threatening to escalate strikes within the new yr if no deal is struck.

Volkswagen declined to remark.