Huge car maker to cut over 35,000 jobs after ‘intensive negotiations’ over factory closures
A MAJOR car manufacturer is cutting more than 35,000 jobs after “intensive negotiations” over factory closures.
Volkswagen will cut the jobs by 2030 following discussions with unions – but will now not be closing any plants.
AFPVolkswagen has announced it will not be closing plants[/caption]The ‘Future Volkswagen’ agreement was thrashed out between the IG Metall and the Works Council, as the car maker looks to cut labour costs by €1.5billion (£1.25billion) per year.
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