FILE PHOTO: A Volkswagen logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/David Dee Delgado/File Photo
BERLIN: Volkswagen AG workers in Germany will pause production this week to join rallies about the automaker’s plans for unprecedented factory closures in the country.
Labour leaders plan to inform employees at 11 German plants about the latest on the negotiations with the giant car company.
The events kick off a contentious week for Europe’s biggest carmaker, which is expected to post declining sales and profit when it reports third quarter results tomorrow.
Chief executive officer Oliver Blume has pointed to high costs at the namesake VW brand, which is struggling with waning demand in Europe and intensifying competition from BYD Co in China. — Bloomberg
