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VOLKSWAGEN PAY CUT
Volkswagen's $3.5B gamble: Can it win back share in the competitive Chinese marketVolkswagen is investing heavily in China, its biggest market. The German automaker has opened a massive research center in Hefei. This move...- Volkswagen's $1.4 billion India tax tussle rekindles foreign investor fearsIndia's tax demand of $1.4 billion from Volkswagen, following 12 years of investigation, raises concerns for foreign investors in India. De...
- Volkswagen sues India to quash 'enormous' $1.4 bn tax demand, legal filing showsVolkswagen has challenged a $1.4 billion tax demand by Indian authorities, arguing it contradicts New Delhi's car part import taxation rule...
- VW managers to get 10% pay cut in plan to slash bonuses, German newspaper reportsVolkswagen managers will face a two-year 10% pay cut due to reduced bonuses, as part of a deal with unions to cut jobs and production. The ...
- 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 ...
- Volkswagen CEO clashes with workers as conflict over closures, pay deepensVolkswagen CEO and labor representatives clashed over proposed plant closures and pay cuts during a staff meeting. The CEO cited intense co...
- Volkswagen workers to go on warning strikes across GermanyVolkswagen employees in Germany will begin warning strikes on Monday following stalled wage and plant closure negotiations with Europe's le...
- Bosch to reduce hours for 450 employees due to tough economyRobert Bosch will cut working hours for 450 employees in Germany starting next spring. The company cites a difficult economic situation. Af...
- 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...
- In high-wage Germany, Volkswagen's labour costs outstrip the competitionVolkswagen faces pressure to reduce labor costs in Germany as they exceed those of rivals like BMW and Mercedes-Benz. While unions demand a...
- VW cost cutting necessary after 'decades of structural problems', CEO tells paperVolkswagen plans to cut costs to address long-standing structural issues. CEO Oliver Blume said weak market demand in Europe and lower earn...
- Porsche staff to join wave of strikes in key German industriesPorsche staff in Stuttgart will join strikes by workers in Germany's electrical engineering and metal industries on Tuesday to demand highe...
- Volkswagen factory threat stress-tests Germany's economic modelGerman industry faces a crisis as Volkswagen threatens to close factories, challenging the nation's consensual industrial relations model. ...
- European industry faces growth pangs amid soaring energy pricesEurope is paying seven times as much for gas as the US, underscoring a dramatic erosion of the continent's industrial competitiveness that ...
- Volkswagen faces EU fine for missing 2020 emissions targetsConcerned about global warming, as well as air pollution, European policymakers have clamped down on exhaust emissions, forcing carmakers t...
- Europe's top two car makers Skoda-Volkswagen and Renault India assures job security to its employeesThe Indian units of European carmakers Skoda-Volkswagen and Renault, and Chinese-owned MG Motor have assured employees that their salaries ...
- VW seeks 3 bn euros in savings from suppliers: HandelsblattVolkswagen wants to extract 3 billion euros ($3.41 billion) in price cuts from its suppliers to help mitigate the costs of an emissions sca...
- German cars off their primeGerman cars are too big, costly and polluting. The challenge is now from Toyota and Chinese upstarts like Chery and Geely.
- Volkswagen's Wolfsburg plant may roll out Audis tooVolkswagen is seriously considering making cars for premium arm Audi in its main Wolfsburg plant to fill unused capacity at the factory and...
- VW readies for the long drive aheadVolkswagen brand head, Wolfgang Bernhard, believes job cuts and new models can make it the king of small cars.
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