Published by Global Banking & Finance Review®
Posted on December 19, 2024
1 min readLast updated: January 27, 2026
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Volkswagen and unions are in prolonged talks over plant closures and pay cuts, with potential strikes looming if no agreement is reached.
HANOVER, Germany (Reuters) - Talks between Volkswagen and labour unions over plant closures and pay cuts are expected to last well into Thursday as both sides have still not reached a deal, according to two people familiar with the matter.
Talks have continued since Monday in the hope of reaching an agreement before Christmas to avert massive strikes that the IG Metall union has warned could start as soon as next year.
Talks could still fall apart, the people said.
Volkswagen declined to comment.
IG Metall was not immediately available for comment.
(Reporting by Christina Amann; Writing by Maria Martinez; Editing by Christoph Steitz and Shri Navaratnam)
The main topic is the ongoing negotiations between Volkswagen and unions over plant closures and pay cuts.
The talks are significant because they aim to prevent massive strikes that could affect Volkswagen's operations.
The key players are Volkswagen and the IG Metall union.
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