VW workers offer pay cut, threaten strike over crisis DW 11/20/2024
Briefly

"Because sustainable solutions are needed, we are now going on the offensive and presenting a solution concept," said workers' council chairwoman Daniela Cavallo. "It is a counter-model to the board of management's plan to cut jobs, which prevents the future instead of creating it."
Labor groups have vowed to meet sweeping layoffs with mass resistance. Since 2019, German car companies have shed about 46,000 jobs amidst a shift to producing more electric vehicles.
Cavallo also suggested that upper management waive their bonuses to alleviate the company's dire financial straits. The company says it intends to cut some 18 billion from its budget.
In September, the struggling auto giant announced that it would close three plants as part of widespread cost-cutting measures and nix a longstanding, generous pension plan.
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