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GERMAN FACTORIES CLOSURE
Volkswagen CEO Oliver Blume tells staff cost-cutting journey 'is not over'Volkswagen CEO Oliver Blume addressed staff regarding ongoing cost-cutting measures. He acknowledged their efforts but stated more work rem...- Volkswagen chief warns company's situation 'more than critical'Volkswagen's CEO warns of a critical state and major upheaval in the auto industry. The company faces significant challenges from global he...
- Volkswagen CEO says 50,000 more job cuts may be needed to close competitive gapVolkswagen's CEO revealed plans for up to 50,000 additional job cuts. This move aims to match rival automakers' competitiveness and reduce ...
- Unions to protest as Volkswagen thrashes out job cut plansGerman auto giant Volkswagen's management meet Thursday to thrash out plans for what could be the biggest ever restructuring in the global ...
- What are the key issues in Volkswagen's restructuring efforts?Volkswagen's board will meet July ninth to discuss a major transformation plan. This plan includes potential closures of four German plants...
- Volkswagen Law: The unique structure behind Europe's biggest carmakerVolkswagen is reportedly planning a significant overhaul, including plant closures and substantial job cuts, sparking strong union resistan...
- Volkswagen labour leaders stand by 'red line' on plant closuresIn a firm stand against potential factory closures in Germany, Volkswagen's labor representatives have voiced their commitment to preservin...
- Volkswagen, union extend crunch talks over plant closures and pay cutsVolkswagen and its labor union are locked in intense negotiations to avert plant closures and pay cuts. Progress has been made, but a deal ...
- Europe's embattled auto sector plans plant closures and layoffsSeveral automotive companies are announcing plant closures and layoffs in Europe. Companies like Valeo, Stellantis, Bosch, Ford, Michelin, ...
- Volkswagen union warns against plant closures, backs $1.6 billion cost cutsThe proposal comes a day ahead of a third round of crunch talks between workers and management over pay cuts and factory shutdowns in Germa...
- Volkswagen scraps decades-old German job security pact, says unionVolkswagen has informed IG Metall that it is ending several labor agreements, including job guarantees until 2029 at six German plants. Thi...
- Europe's auto suppliers reach the end of the roadEmrullah Karaca has made brakes for the past 20 years, but he is now learning to assemble heat pumps instead, as the Continental factory wh...
- Second-largest steelmaker in the world, ArcelorMittal shuts plant in Europe, Here’s whyFollowing the Russian invasion of Ukraine in February this year, Moscow shut off gas shipments to Europe, raised prices, and posed a risk o...
- Siemens plans thousands of job cuts in Power & Gas: ReportThe Power and Gas business is struggling with a global shift away from using the large electricity generating turbines which Siemens specia...
- West Bengal govt may ask Nokia Siemens Networks to vacate Kolkata factory land, post-July 31West Bengal govt has repeatedly urged Siemens to honour an earlier pledge of setting up an IT-cum-telecom park on the NSN factory land.
- Nokia Siemens Networks to shut down Kolkata telecom factory on July 31Telecom equipment-maker Nokia Siemens Networks (NSN) will close down its fixed-line manufacturing facility in the city from July 31.
- Magna's bid for Opel preferredMagna International Inc’s offer for General Motors Corp’s Opel unit is preferred by German regional governments over a bid from Fiat SpA, a...
- Opel threatening to close three plants, sack 11,000: ReportOpel is threatening to close three of its plants in Europe and sack one fifth of its workforce as it seeks billions of euros in state aid. ...
- GM rules out sale of Opel or job cutsGeneral Motors will neither sack workers nor close or sell factories at its German Opel unit, the president of GM Europe said in an intervi...
- Nokia to reimburse German state to end plant closure rowNokia will reimburse a German state over 1.3 million euros (two million dollars) to resolve a plant closure dispute that has cost the mobil...
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