Tag #Volkswagen

Showing 85 to 96 of 126 results

zeit.de

🌐 85% Global Worthiness

Dec 16, 04:09

Volkswagen-IG Metall Labor Talks: Crucial Negotiations to Avert Major Dispute

Volkswagen and IG Metall are holding crucial two-day negotiations in Hannover to avert a major labor dispute involving potential 10% wage cuts, plant closures, and layoffs affecting roughly 130,000 employees across Niedersachsen, Hessen, and Sachsen. The union has already staged two rounds of strike...

Volkswagen-IG Metall Labor Talks: Crucial Negotiations to Avert Major Dispute

Volkswagen and IG Metall are holding crucial two-day negotiations in Hannover to avert a major labor dispute involving potential 10% wage cuts, plant closures, and layoffs affecting roughly 130,000 employees across Niedersachsen, Hessen, and Sachsen. The union has already staged two rounds of strike...

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What are the core disagreements between Volkswagen and IG Metall regarding wages, plant closures, and job security?

Volkswagen demands a 10% wage cut, elimination of bonuses, and potential plant closures due to the company's financial difficulties. The IG Metall union counters by demanding job security for its roughly 130,000 members and the preservation of all locations, rejecting permanent wage reductions. The union's offer to forgo a pay raise was deemed insufficient by Volkswagen.

taz.de

🌐 85% Global Worthiness

Dec 13, 20:05

Volkswagen to Cut 1,000 Jobs Amidst Electric Vehicle Sales Slump

Volkswagen will eliminate 1,000 temporary contracts at its Zwickau electric vehicle plant by end of 2025 due to declining electric vehicle sales (down 14% in Europe from January to September 2024) and criticism of its model strategy, impacting nearly 10,000 employees and highlighting broader issues ...

Volkswagen to Cut 1,000 Jobs Amidst Electric Vehicle Sales Slump

Volkswagen will eliminate 1,000 temporary contracts at its Zwickau electric vehicle plant by end of 2025 due to declining electric vehicle sales (down 14% in Europe from January to September 2024) and criticism of its model strategy, impacting nearly 10,000 employees and highlighting broader issues ...

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How did the elimination of the environmental bonus and the lack of affordable electric vehicles contribute to Volkswagen's current crisis?

The job cuts reflect Volkswagen's struggles in the electric vehicle market, which include poor sales performance and criticism of the company's model strategy. The elimination of the environmental bonus in late 2023 and a lack of affordable electric vehicle options are cited as contributing factors.

taz.de

🌐 85% Global Worthiness

Dec 11, 01:09

Volkswagen Brazil Sued for "Slave-Like" Conditions at Amazon Farm

The Brazilian Labor Ministry sued Volkswagen Brazil for "slave-like conditions," including deaths, at its Cristalino cattle farm (1974-1986) in the Amazon; the lawsuit, based on decades of evidence, seeks 165 million Reais in compensation.

Volkswagen Brazil Sued for "Slave-Like" Conditions at Amazon Farm

The Brazilian Labor Ministry sued Volkswagen Brazil for "slave-like conditions," including deaths, at its Cristalino cattle farm (1974-1986) in the Amazon; the lawsuit, based on decades of evidence, seeks 165 million Reais in compensation.

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How did Volkswagen's relationship with the Brazilian military dictatorship facilitate the alleged human rights abuses at the Cristalino farm?

Volkswagen's Cristalino farm, operating near the Amazon basin, exemplifies the corporation's historical exploitation of workers. The company's close ties to Brazil's military dictatorship facilitated land acquisition for the farm, enabling the alleged abuses. Evidence gathered by Father Ricardo Rezende Figueira, including testimonies from former workers, supported the lawsuit's claims of systematic human rights violations.

dw.com

🌐 85% Global Worthiness

Dec 9, 19:09

Volkswagen Faces Lawsuit for Modern Slavery in Brazil

Volkswagen's Brazilian subsidiary faces a lawsuit for human rights violations and modern slavery at its Fazenda Volkswagen farm during the 1970s-80s military dictatorship, with hundreds or possibly over a thousand victims and demands for €30 million in compensation.

Volkswagen Faces Lawsuit for Modern Slavery in Brazil

Volkswagen's Brazilian subsidiary faces a lawsuit for human rights violations and modern slavery at its Fazenda Volkswagen farm during the 1970s-80s military dictatorship, with hundreds or possibly over a thousand victims and demands for €30 million in compensation.

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What specific human rights violations occurred at Volkswagen's Brazilian subsidiary's farm, and what is the scale of the alleged abuses?

Volkswagen's Brazilian subsidiary faces a lawsuit for human rights violations and modern slavery at its Fazenda Volkswagen farm. Workers were subjected to violence, forced labor, and denial of medical care. The Brazilian Ministry of Labor seeks €30 million in compensation.

fr.euronews.com

🌐 85% Global Worthiness

Dec 9, 22:09

Volkswagen Faces Strikes Amidst €10 Billion Cost-Cutting Demands in Germany

Volkswagen is negotiating with unions in Germany to prevent plant closures and a 10% salary cut, facing a €10 billion cost-reduction goal amid weak European demand and Chinese competition; strikes have already affected nine sites.

Volkswagen Faces Strikes Amidst €10 Billion Cost-Cutting Demands in Germany

Volkswagen is negotiating with unions in Germany to prevent plant closures and a 10% salary cut, facing a €10 billion cost-reduction goal amid weak European demand and Chinese competition; strikes have already affected nine sites.

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What are the immediate consequences of the ongoing labor dispute at Volkswagen in Germany?

"Volkswagen and its unions are in negotiations to prevent factory closures and salary cuts, impacting thousands of German workers. The company seeks €10 billion in cost reductions, while unions proposed €1.5 billion in savings through dividend and bonus cuts, which the company rejected. Strikes have already occurred, affecting nine German sites."

faz.net

🌐 65% Global Worthiness

Dec 9, 19:08

"2023 Dax Supervisory Board Compensation: Diekmann, Pötsch Top Earners, Volkswagen Leads in Total Pay"

"A 2023 DSW study reveals Michael Diekmann of Allianz (€759,000) and Hans Dieter Pötsch of Volkswagen (€676,000) as top-earning Dax supervisory board members, while the highest-paid women received €450,000 each; Volkswagen leads in total supervisory board compensation with €7.5 million, and all Dax ...

"2023 Dax Supervisory Board Compensation: Diekmann, Pötsch Top Earners, Volkswagen Leads in Total Pay"

"A 2023 DSW study reveals Michael Diekmann of Allianz (€759,000) and Hans Dieter Pötsch of Volkswagen (€676,000) as top-earning Dax supervisory board members, while the highest-paid women received €450,000 each; Volkswagen leads in total supervisory board compensation with €7.5 million, and all Dax ...

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"What were the highest supervisory board compensations in Dax companies in 2023, and what are the key trends in overall compensation?"

"Michael Diekmann (Allianz) received €759,000, and Hans Dieter Pötsch (Volkswagen) received €676,000, ranking second and third among Dax supervisory board members. The highest-paid women, Michele Trogni and Dagmar Valcárel (Deutsche Bank), and Birgit Steinborn (Siemens), each earned €450,000, sharing 20th place."

zeit.de

🌐 85% Global Worthiness

Dec 16, 16:10

Volkswagen-IG Metall Wage Dispute: Crucial Talks Underway

Volkswagen and IG Metall are engaged in critical wage negotiations, with a 10% pay cut proposed by VW and job security demanded by the union, impacting around 130,000 employees.

Volkswagen-IG Metall Wage Dispute: Crucial Talks Underway

Volkswagen and IG Metall are engaged in critical wage negotiations, with a 10% pay cut proposed by VW and job security demanded by the union, impacting around 130,000 employees.

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What long-term implications will this labor dispute have on Volkswagen's production efficiency and competitiveness?

The outcome of these negotiations will significantly impact Volkswagen's future profitability and workforce stability. Failure to reach an agreement may lead to prolonged strikes, impacting production and potentially accelerating the need for restructuring measures. The dual tariff systems between VW AG and VW Sachsen GmbH also indicates structural complexities needing resolution.

faz.net

🌐 65% Global Worthiness

Dec 12, 16:09

"DAX Supervisory Board Pay: Volkswagen Leads with 42% Increase in 2023"

"The DSW's 2023 study shows that DAX supervisory board chair compensation averaged €421,000, a 7.5% increase, while Volkswagen's total supervisory board pay reached €7.5 million, a 42% increase—all DAX companies now use fixed compensation for supervisory board members."

"DAX Supervisory Board Pay: Volkswagen Leads with 42% Increase in 2023"

"The DSW's 2023 study shows that DAX supervisory board chair compensation averaged €421,000, a 7.5% increase, while Volkswagen's total supervisory board pay reached €7.5 million, a 42% increase—all DAX companies now use fixed compensation for supervisory board members."

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"What are the key factors contributing to the increase in Volkswagen's supervisory board compensation?"

"The DSW study reveals a widening pay gap between DAX supervisory board chairs and regular members, reflecting increased importance of the chair position. Volkswagen's significant pay increase highlights potential corporate governance changes. The shift to fixed compensation across all DAX companies aligns with the Corporate Governance Kodex."

zeit.de

🌐 85% Global Worthiness

Dec 9, 13:09

"Volkswagen Strike: Four-Hour Work Stoppage Amid Wage Dispute"

"A four-hour warning strike at seven Volkswagen plants in Germany, including Wolfsburg, is underway as the fourth round of wage negotiations begins. The union, IG Metall, opposes VW's demand for a 10% pay cut and potential plant closures; VW recently paid out a 4.5 billion euro dividend."

"Volkswagen Strike: Four-Hour Work Stoppage Amid Wage Dispute"

"A four-hour warning strike at seven Volkswagen plants in Germany, including Wolfsburg, is underway as the fourth round of wage negotiations begins. The union, IG Metall, opposes VW's demand for a 10% pay cut and potential plant closures; VW recently paid out a 4.5 billion euro dividend."

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"What are the immediate consequences of the Volkswagen strike and how does it affect the company's production and global operations?"

"A second warning strike at Volkswagen has begun, halting production at several plants for four hours. This follows VW's demand for a 10% pay cut and potential plant closures, while the IG Metall union seeks a compromise."

it.euronews.com

🌐 85% Global Worthiness

Dec 9, 22:09

Stellantis Layoffs Spark Italian Protests

On Tuesday, Stellantis workers will protest 97 layoffs at Trasnova in Rome, coinciding with a Mimit meeting; further layoffs are planned at Melfi's Teknoservice and Logitech by January 2, 2025, prompting government intervention and highlighting broader industry challenges.

Stellantis Layoffs Spark Italian Protests

On Tuesday, Stellantis workers will protest 97 layoffs at Trasnova in Rome, coinciding with a Mimit meeting; further layoffs are planned at Melfi's Teknoservice and Logitech by January 2, 2025, prompting government intervention and highlighting broader industry challenges.

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What are the immediate consequences of the 97 Stellantis layoffs at Trasnova, and how does this impact the Italian automotive industry?

Stellantis faces protests in Rome on Tuesday due to 97 layoffs at its logistics subsidiary, Trasnova, resulting from a contract's non-renewal. Workers from Turin, Cassino, Pomigliano, and Melfi will gather before the Ministry of Enterprise and Made in Italy (Mimit) during a scheduled meeting. Further layoffs are anticipated at Teknoservice and Logitech, impacting 90 of 400 employees by January 2, 2025.

dw.com

🌐 75% Global Worthiness

Dec 9, 16:11

VW Weighs Shifting Electric Bus Production to Poland Amid Cost-Cutting Plan

Volkswagen is considering moving all or part of its ID.Buzz electric bus production from its Hanover plant to its Poznan facility in Poland to reduce costs amid a broader restructuring, while negotiations with IG Metall continue.

VW Weighs Shifting Electric Bus Production to Poland Amid Cost-Cutting Plan

Volkswagen is considering moving all or part of its ID.Buzz electric bus production from its Hanover plant to its Poznan facility in Poland to reduce costs amid a broader restructuring, while negotiations with IG Metall continue.

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What are the immediate consequences of Volkswagen's potential relocation of ID.Buzz production from Hanover to Poznan?

Volkswagen Nutzfahrzeuge (VWN) is considering transferring some or all of its ID.Buzz electric bus production from Hanover, Germany to its Poznan, Poland plant. This follows lower-than-expected production numbers (14,600 units in the first half of 2024, against a target of 130,000 annually). No decision has yet been made.

dw.com

🌐 85% Global Worthiness

Dec 8, 13:06

"Volkswagen Sells Xinjiang Factory, Citing Economic Reasons Amid Human Rights Concerns"

"Volkswagen sold its Xinjiang factory, which ceased production in 2019, to a Chinese state-owned enterprise in 2024, citing economic reasons amid human rights concerns and declining production; fewer than 200 Volkswagen employees remain in Xinjiang."

"Volkswagen Sells Xinjiang Factory, Citing Economic Reasons Amid Human Rights Concerns"

"Volkswagen sold its Xinjiang factory, which ceased production in 2019, to a Chinese state-owned enterprise in 2024, citing economic reasons amid human rights concerns and declining production; fewer than 200 Volkswagen employees remain in Xinjiang."

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"What broader implications does Volkswagen's sale have for foreign investment in Xinjiang and the ongoing human rights concerns in the region?"

"Volkswagen's sale of its Xinjiang factory to a Chinese state-owned enterprise follows years of declining production and negative publicity surrounding human rights concerns in the region. The move may be interpreted as a response to international pressure, although Volkswagen cites economic reasons."

Showing 85 to 96 of 126 results