Volkswagen's decision to end its labor agreement for job security, originally established in 1994, signifies a dramatic shift in employment policy amid mounting financial pressures.
Gunnar Kilian emphasized the company's need to reduce costs to remain competitive, stating that restructuring is crucial for investing in new technologies and products.
Daniela Cavallo declared that the union will resist the termination of job security agreements, highlighting the importance of protecting employment amidst the impending closures.
Volkswagen's warning of potential plant closures in Germany is unprecedented, marking a significant change in strategy as it reacts to falling demand and rising costs.
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