Volkswagen workers offer to take pay cut as wage talks continue
Volkswagen workers offer to take pay cut as wage talks continue
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Volkswagen is in the midst of wage negotiations with its union, IG Metall, affecting around 120,000 employees in Germany. The union has proposed pay reductions to avoid mass layoffs, while demanding job security and the safety of German factories. If an agreement isn't reached, strikes may commence on December 1. Volkswagen plans to close at least three plants and has requested a 10% pay cut from remaining workers due to financial struggles and competition.
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