Categories: Stock Market News

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.

admin

Share
Published by
admin

Recent Posts

One of many Fed’s prime recession alarms sends 2008-style sign

By Amanda Cooper LONDON (Reuters) - One of many Federal Reserve's most popular recession indicators…

5 minutes ago

Aussie large Macquarie swoops for Metcor in £100m deal

Macquarie, the Australian monetary large, has struck its newest British takeover cope with a swoop…

10 minutes ago

Oil majors affected by OPEC+ output hike, not from U.S. tariffs, Eni exec says

CERNOBBIO, Italy (Reuters) - Oil majors are struggling after eight OPEC+ international locations unexpectedly agreed…

55 minutes ago

Fed’s Powell to weigh in amid tariff fray, market drop

By Howard Schneider WASHINGTON (Reuters) - With sweeping new U.S. tariffs now in play globally…

1 hour ago

Oil Extends Sharp Drop After Shock OPEC+ Hike, Trump Tariffs

(Bloomberg) -- Oil fell additional after President Donald Trump’s tariffs and an OPEC+ choice to…

4 hours ago

Goldman cuts oil value forecasts amid tariff fears, increased OPEC+ provide

(Reuters) - Goldman Sachs lowered its forecast for Brent crude's common value this yr by…

7 hours ago