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VW Agrees to Protect Jobs in Germany
Volkswagen AG has agreed to work with its unions to shield hourly jobs in Germany from the financial impact of the company’s widening diesel emission cheating scandal.
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Volkswagen AG has agreed to work with its unions to shield hourly jobs in Germany from the financial impact of the company’s widening diesel emission cheating scandal.
The supervisory board did not agree to a blanket job guarantee. But it says it will work with VW’s works council to create binding packages that pledge future products and set employment levels at the company’s factories in Germany.
The groups say they will determine short-, medium- and long-term goals through 2025. The agreement comes days after works council chief Bernd Osterloh complained that Herbert Diess, who heads the VW brand, “lacks reliability.” Osterloh has warned for months that VW’s budget-cutting efforts must include a review of management structure and processes.
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