Chancellor Olaf Scholz, facing declining poll numbers ahead of a snap election, has publicly urged Volkswagen to avoid factory closures, adding political pressure to an already volatile situation.

FRANKFURT (Reuters) - Factory shutdowns would be a wrong move by Volkswagen, German Chancellor Olaf Scholz said, adding that Europe's largest carmaker had a responsibility to its employees.

Wage reductions and freezes spark worker outrage. In addition to the layoffs, Volkswagen plans to cut salaries across the board by at least 10%, with a pay freeze scheduled for both 2025 and 2026.

The strikes also drew political attention, with German Chancellor Olaf Scholz urging Volkswagen to avoid closures amid a broader economic and political crisis in Germany.

Volkswagen announced sweeping changes to its German operations, including more than 35,000 future job cuts and capacity reductions in a last gasp deal between Europe’s top carmaker and unions on ...

German Chancellor Olaf Scholz’s cabinet approved additional tax incentives for company fleets of electric cars only days after Volkswagen AG threatened to close factories in Europe’s biggest ...

Volkswagen employs about 680,000 people globally, with over 100,000 of those employees based in Germany. ... Chancellor Olaf Scholz has faced mounting criticism over the state of the economy, ...

Volkswagen plans to shut at least three factories in Germany, ... which faces a second successive year of contraction with Chancellor Olaf Scholz's coalition searching for ways to spur growth.

FRANKFURT (Reuters) - Factory shutdowns would be a wrong move by Volkswagen, German Chancellor Olaf Scholz said, adding that Europe's largest carmaker had a responsibility to its employees ...

Volkswagen announced sweeping changes to its German operations, including more than 35,000 future job cuts and capacity reductions in a last gasp deal between Europe’s top carmaker and unions on ...