Volkswagen scraps decades-old German job security pact, says union
Volkswagen gave IG Metall notice on Tuesday it was scrapping a range of labour agreements including a guarantee of jobs until 2029 at six German plants, the union said.
Europe's top carmaker is cancelling the decades-old employment guarantees as part of cost-cutting drive that has triggered a showdown with workers as Volkswagen struggles to compete against cheaper Asian rivals.
«These cancellations arrived seconds ago,» IG Metall said in an emailed statement.
Volkswagen's move follows a threat that it could shut plants on German soil for the first time in its 87-year history, which sent shockwaves through the global autos sector and prompted high-level German government concern.
The head of the company's works council has vowed fierce resistance against lay-offs and factory closures, blaming management for Volkswagen's ills.
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