VW and union to discuss concerns over restructuring next week, source says
Reuters2026/09/23 12:34Adds details on negotiations throughout
BERLIN, Sept 23 (Reuters) - Volkswagen VOWG_p.DE and labour representatives will meet next week to discuss the German automaker's radical overhaul, a source told Reuters on Wednesday, after the IG Metall union summoned management over concerns about the cuts.
Representatives for the company, IG Metall and the works council will meet in Hanover on September 30, the source involved in the negotiations said.
Financial newspaper Handelsblatt was the first to report the date.
Earlier this month, IG Metall said it would invoke a special clause in its landmark 2024 labour agreement with Volkswagen, demanding that the company stick to employment and investment commitments made in that deal.
The move marked an escalation in the fight for Volkswagen's future. The group's fractious supervisory board signed off on a plan earlier this month to double layoffs to some 100,000 people, but many details have yet to be agreed.
German production sites are under particular pressure, with four plants facing possible closure from early next decade.
(Reporting by Rachel More and Kirsti Knolle; editing by Matthias Williams and Barbara Lewis)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pre-orders for GTA 6 are booming and may reverse the downward trend! Citigroup raises Take-Two Interactive Software (TTWO.US) target to $270
Citigroup maintains a "Buy" rating on Take-Two Interactive Software, with a target price of $270.
Silver Price Forecast: XAG/USD trades flat around $53 ahead of US inflation data
Swiss Franc holds ground as US Dollar consolidates ahead of CPI inflation data

Net profit surges fivefold but masks decline in core business; crypto mining companies' shift to AI poses hidden risks
Marathon Holdings' Q3 net profit reached $632 million, up 413% year-on-year. However, its mining revenue declined by 35%. The company relied on selling 13,500 BTC to pay off debts and is now betting on AI infrastructure, increasing the risk of an imbalanced profit structure.