VW Reaches Union Deal To SLASH 35,000 Jobs In Germany!

In this episode, we discuss the alarming news from Germany as Volkswagen plans to cut over 35,000 jobs due to overproduction issues and will outsource vehicle manufacturing to Mexico. This decision follows intense negotiations with the IG Metall union, which secured job security until 2030 but at the cost of wage cuts and bonuses. With the German economy shrinking and more than 10,000 jobs lost monthly, the ripple effects on the automotive sector could be devastating. Volkswagen's strategy appears more like a temporary fix rather than a long-term solution, raising concerns for employees and the industry’s future. Stay informed as we delve deeper into the implications for workers and the broader economy. Don't forget to subscribe and give us a thumbs up!

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