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Marathon VW talks to resume in search for pre-Christmas deal with unions

^{Published on 2024-12-18 06:40:55 - Reuters}
 

• Crunch talks between Volkswagen and unions over cuts to the automaker's German operations will resume on Wednesday after a brief break, reflecting intense efforts to strike a deal before Christmas and avert major strikes in 2025.

The article from Reuters discusses ongoing negotiations between Volkswagen (VW) and its unions regarding cost-cutting measures. These talks, which have extended into Wednesday, are focused on addressing the financial challenges faced by VW, including the need to reduce costs to improve competitiveness and profitability. Sources indicate that the discussions are intense, with unions pushing back against proposed job cuts and salary reductions. The negotiations are critical as VW aims to streamline operations and adapt to the rapidly changing automotive industry landscape, particularly with the shift towards electric vehicles and sustainable practices. The outcome of these talks could significantly impact VW's workforce and its strategic direction in the coming years.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/talks-between-vw-unions-over-cuts-continue-into-wednesday-sources-say-2024-12-18/ ]

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