VW, German unions reach deal to cut 35,000 jobs, avoid plant closures

VW ID3 production Dresden b 2022_0.jpg — VW ID3 production at Dresden in 2022. The factory is among those most at risk of being closed as VW Group seeks to cut billions in costs.

By:

Bloomberg, Reuters

Last Updated

December 20, 2024 06:53 PM

Volkswagen Group announced sweeping changes to its German operations, including more than 35,000 future job cuts and capacity reductions in a last-gasp deal between Europe’s top automaker and unions on Dec. 20 to avert mass strikes.

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