“Volkswagen AG’s stalemate with union leaders looks set to drag on until 2025, preventing CEO Oliver Blum from starting the new phase he wants to usher in for Europe’s biggest automaker.”, — write: epravda.com.ua
Volkswagen AG’s stalemate with union leaders looks set to drag on until 2025, preventing CEO Oliver Blum from starting the new phase he wants to usher in for Europe’s biggest automaker. Bloomberg writes about it. The company’s management begins a fifth round of talks with the powerful IG Metall union on Monday as the two sides remain at an impasse over how to cut costs at the automaker’s namesake brand to make it more competitive. Both sides are aiming for a deal by Christmas, but have yet to overcome deep differences over potential layoffs and unprecedented factory closures in Germany. Volkswagen is grappling with declining demand for electric cars in Europe and growing competition in China from local manufacturers led by BYD Co.Advertisement: Two days of talks are planned, but if they don’t lead to a breakthrough, IG Metall’s board is poised to hold a vote at the end of the week to pave the way to 24-hour strikes at all VW plants in January. Tens of thousands of VW workers temporarily put down their tools on two occasions this month after management rejected a union proposal that would have cut dividends and cut some bonuses. Messy restructuring disrupts the company’s accounting processes. On Friday, Volkswagen told Porsche Automobil Holding SE that it no longer plans to complete corporate planning by December 31.Advertisement: Read also: Made in Germany no longer works: why Volkswagen is forced to close factories Recall: Employees of the German automaker Volkswagen on Monday, 2 In December, they started a warning strike. It will last two hours for workers on each shift at nine of the ten VW plants in Germany. Volkswagen has abandoned a number of labor agreements, including a job guarantee until 2029, raising the possibility of layoffs starting in 2024. Volkswagen expects to deliver fewer vehicles in 2024 than in 2023, marking the fourth drop in sales in five years. Volkswagen workers stepped up pressure on the company’s management with fresh strikes at German plants as a fourth round of talks was set to begin in an increasingly bitter standoff over wage cuts and plant closures.