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Lower Saxony Criticizes VW's Cost-Cutting Plans

Lower Saxony criticizes Volkswagen's cost-cutting measures, expressing concerns about job security and plant closures, and demanding a swift resolution in ongoing negotiations.

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German

Germany

Germany Economic ImpactNegotiationsLabor DisputeVolkswagen

VolkswagenIg MetallLower Saxony's Government

Olaf LiesStephan WeilJulia Willie Hamburg

What is Lower Saxony's stance on potential plant closures?: Lower Saxony's government opposes plant closures, believing that closing plants now would jeopardize future production and economic growth, despite the current low demand for new cars.
What is the significance of Lower Saxony's stake in Volkswagen?: Lower Saxony, as a major stakeholder in Volkswagen, holds a 20% voting stake and a blocking minority, ensuring the state's influence on major decisions. The state's representatives are actively involved in the negotiations and expressing their concerns.
How has Volkswagen's approach affected the relationship with its workforce?: Minister Lies criticizes Volkswagen's termination of job security and its aggressive approach, which has damaged trust. He emphasizes the need for compromise and quick solutions in ongoing negotiations between VW and the trade union.
What is Lower Saxony's main concern regarding Volkswagen's cost-cutting plans?: Volkswagen's planned cost-cutting measures in Wolfsburg have sparked criticism from Lower Saxony's Economics Minister, Olaf Lies, who sees it as a breach of trust and calls for a swift resolution in talks between VW and the trade union.
What are the key demands in Volkswagen's current negotiations with the trade union?: The ongoing dispute involves Volkswagen's termination of its long-standing job security agreement, plans for potential plant closures, and a demand for a 10% across-the-board wage cut. This affects six VW plants in Lower Saxony, including the main plant in Wolfsburg.

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