Volkswagen workers start walkouts over plans to slash costs in Germany

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Volkswagen workers start walkouts over plans to slash costs in Germany - Business Mirror

Quick Summary:

Volkswagen AG workers across Germany initiated walkouts on Monday after labor leaders and management failed to reach an agreement over how to cut costs at the carmaker’s namesake brand.

Employee representatives occupy half of the company’s supervisory board seats, while VW’s home state of Lower Saxony holds an additional two seats.

The carmaker last experienced walkouts across all sites at a small scale in 2021 during the pandemic, but a larger work stoppage during wage negotiations in 2018 saw more than 50,000 workers across six factories take part.