factory closures

Volkswagen to Open IG Metall Talks Nov. 24 Amid Cost Cuts, U.S. Audi Factory Rumors

Volkswagen Group will begin negotiations with IG Metall on November 24 after terminating wage provisions covering over 100,000 German workers, as it pursues deep cost cuts amid falling profits. The company is also reportedly considering an Audi factory in the U.S. as it weighs closing up to four German plants and cutting tens of thousands of jobs.