IG Metall threatens historic labour battle if VW insists on plant closures
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IG Metall, a major labor union, is threatening a significant labor conflict with Volkswagen if the company proceeds with plant closures. Workers are willing to make concessions worth 1.5 billion euros in ongoing cost-cut negotiations.
November 20, 2024 | 10:00 am
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Volkswagen faces potential labor unrest as IG Metall threatens a major conflict over plant closures. Workers propose 1.5 billion euros in concessions to avoid closures.
The threat of a labor conflict by IG Metall could negatively impact Volkswagen's operations and stock price. The willingness of workers to make significant concessions indicates the seriousness of the situation. If plant closures proceed, it could lead to disruptions and increased costs, affecting investor sentiment.
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