Volkswagen Faces Turbulent Negotiations Amidst Major Job Cuts
This Wednesday at 11 o'clock, Volkswagen's management and employees will officially meet at the Volkswagen Arena in Wolfsburg for the first time since the dramatic cost-saving proposals were disclosed. The board has put forth unprecedented measures, including plans to close at least three factories. These developments have left tens of thousands of the company's 120,000 employees in Germany anxious about their job security. Understandably, the atmosphere at Germany's largest car manufacturer is more tense than ever as negotiations begin.
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