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Famagusta Gazette

News From Cyprus

Still no agreement between Volkswagen and unions

ByFamagusta Gazette

Dec 19, 2024

German carmaker Volkswagen has still not reached an agreement with unions after talks began on Monday. In the fall, the carmaker announced that several thousand full-time jobs would have to be cut .

The reason for the cuts is said to be increased production costs and competition from other electric car manufacturers.

Volkswagen is one of Germany’s largest employers, with around 300,000 employees.

Famagusta Gazette