financetom
Forex World Market Business Cryptocurrency Commodities MAP
financetom
Business
financetom
/
Business
/
VW proposes 10% pay cut to tackle crisis
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
VW proposes 10% pay cut to tackle crisis
Nov 3, 2024 3:05 PM

FRANKFURT (Reuters) - Volkswagen has proposed to cut wages at its brand by 10% to tackle weak demand and high costs, the division's personnel chief Arne Meiswinkel told journalists after the second round of talks with unions.

Meiswinkel said negotiations would resume for a third round on Nov. 21.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Firms with paid up capital up to Rs 4 crore and turnover up to Rs 40 crore to qualify as small companies: Govt
Firms with paid up capital up to Rs 4 crore and turnover up to Rs 40 crore to qualify as small companies: Govt
Sep 16, 2022
The Ministry of Corporate Affairs (MCA) has revised the definition of small companies by increasing the threshold for paid-up capital and turnover enhancing the ease of doing business and ease of living for the corporates.
 Discoms outstanding late payment surcharge dues dips 86% in September than last month
Discoms outstanding late payment surcharge dues dips 86% in September than last month
Sep 18, 2022
The latest update regarding late payment surcharge dues on PRAAPTI portal showed that three discoms in Karnataka and one in Jammu & Kashmir have total outstanding dues of Rs 713.29 crore on September 16, 2022. The outstanding dues were Rs 5,085.30 crore on August 17, 2022.
 Russia’s secret gem sales are dividing the diamond world — from Mumbai to New York
Russia’s secret gem sales are dividing the diamond world — from Mumbai to New York
Sep 18, 2022
Many in the industry refuse to deal in Russian gems following the invasion of Ukraine and after mining giant Alrosa PJSC was hit with US sanctions. But there’s a handful of Indian and Belgian buyers who are snapping up large volumes at lucrative terms.
 Patanjali Foods plans to go big on plantations to cut edible oil imports
Patanjali Foods plans to go big on plantations to cut edible oil imports
Sep 16, 2022
Ramdev today announced IPO plans for 4 Patanjali group companies. He also signalled the brand's aggressive plans for oilseeds, which involves setting up multiple palm nurseries and oil processing units across 11 states.
About
Terms and Conditions Privacy policy Cookie Settings Contact Us
Services
Login register
financetom Market Personal Finance Business Economy Cryptocurrency MAP
Links
zpostcode Recruit weather mreligion Yellowpages sport constellation shopping name game directory literature Word tour furnish Lottery tftnews lyrics News digital car dir Edu Finance
Copyright 2023-2026 - www.financetom.com All Rights Reserved