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Benzinga
Benzinga
Business
Anusuya Lahiri

Volkswagen Faces Fierce Labor Pushback Over Factory Closures, Wage Cuts

Volkswagen United States Germany IG Metall

Workers at Volkswagen AG (OTC:VWAGY) began staging strikes across Germany on Monday, escalating tensions with management over plans to cut jobs and wages and close factories as announced earlier. The strikes, organized by the IG Metall union, impacted nine of the automaker’s plants, temporarily halting production.

IG Metall has also announced demonstrations at various factories, with a significant rally planned at Volkswagen’s Wolfsburg headquarters, which employs over 60,000 people, the Wall Street Journal reports.

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