Latest Dresden News

VW wage deal for 120,000 German workers avoids layoffs, plant closures

Dec. 20, 2024 14:39 PM EST

FRANKFURT, Germany (AP) — Volkswagen and its employee representatives said Friday they have reached a wage deal for 120,000 German workers that avoids plant closings and bars involuntary layoffs through 2030. The agreement includes provisions for VW to shed more than 35,000 jobs through early...