Volkswagen labour leaders stand by ’red line’ on plant closures
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Volkswagen's labor leaders reaffirmed their stance against plant closures, emphasizing adherence to a 2024 restructuring deal. They remain open to proposals for under-used sites, including potential partnerships with defense and Chinese firms. Despite pressures from weak demand and competition, they insist on maintaining job security and quality work principles. CEO Oliver Blume is exploring cost-saving measures, including a possible plant-sharing deal, while the company faces challenges from rising costs and market competition.
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