What is the main topic?

The main topic is Volkswagen's provisional cost-cutting deal with its works council to save billions of euros.

What factories are affected?

The Osnabrueck plant may be sold, and the Dresden plant may be repurposed or closed.

Are any factory closures confirmed?

Closures of Zwickau and Emden factories are off the table according to the report.

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Home > Finance > VW and works council reach provisional deal, Handelsblatt reports

Finance

VW and works council reach provisional deal, Handelsblatt reports

Published by Global Banking & Finance Review®

Posted on December 20, 2024

1 min read

Last updated: January 27, 2026

Volkswagen works council meeting on cost-cutting deal - Global Banking & Finance Review — Image depicting Volkswagen's works council discussing a provisional cost-cutting agreement, crucial for the company's financial strategy. The deal aims to save billions while minimizing factory closures.

VW and works council reach provisional deal, Handelsblatt reports

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Volkswagen and Works Council Provisional Cost-Cutting Agreement

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