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Volkswagen, unions must find new solutions for German plants, company says

12/09/2024

Less than a minute

2024.12.09 04:05

© Reuters. FILE PHOTO: Employees of Volkswagen AG march for higher wages during a 'warning strike' of Germany's IG Metall metalworkers' union, in Osnabrueck, Germany, November 6, 2024. The placard reads, “Jobs for all VW sites - there has never been more fight than now”. REUTERS/Teresa Kroeger/File Photo

WOLFSBURG, Germany (Reuters) – Volkswagen (ETR:)’s chief negotiator Arne Meiswinkel said on Monday that unions and management needed to find alternative pathways to a solution for its German plants after the company rejected a proposal put forward by unions as unsustainable.

“We continue to need to reduce costs, reduce overcapacity,” Meiswinkel said, speaking ahead of the fourth round of negotiations between the company and labour representatives.

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12/09/2024

Less than a minute