Volkswagen Strikes Landmark Agreement with Unions, Plans 35,000 Job Cuts in Germany
Volkswagen, Europe’s largest carmaker, has announced a sweeping restructuring plan for its German operations, including more than 35,000 job cuts and capacity reductions. The deal, reached in a last-minute negotiation with unions, aims to avert mass strikes while positioning the company for a competitive future in the rapidly evolving auto industry. German Chancellor Olaf Scholz […]
Continental to Cut 7,150 Jobs Worldwide by 2025
In response to shifting consumer demands, particularly towards electric vehicles, Continental, a major German auto supplier, has announced plans to reduce its global workforce by 7,150 jobs by 2025.