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Volkswagen wants to cut wages by ten percent

Germany's largest car manufacturer Volkswagen confirms that the company is demanding a 10 percent wage reduction in negotiations with the union. The crisis-stricken corporation estimates that at least three factories in Germany must be closed and layoffs are to be expected.

Volkswagen wants to cut wages by ten percent

Crisis meeting about the pressured automotive industry in Germany

The government in Germany has called an emergency meeting due to the increasingly pressured automotive industry in the country. Ahead of the meeting, however, the governing parties are divided on what to do.

Crisis meeting about the pressured automotive industry in Germany