VW exec says 3,500 workers took buyout
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Volkswagen AG, Europe's biggest automaker, said Tuesday that 3,500 workers in Germany have signed up for severance packages as the company tries to pare down the number of employees and cut costs.
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German union leaders say more than 12,000 workers have staged warning strikes at three Volkswagen plants, while a sixth round of contract talks was scheduled in Hannover.
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German auto giant Volkswagen posted Friday a third-quarter net profit of 947 million euros (1.36 billion dollars), compared with just 23 million in the same period a year earlier.
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Volkswagen AG, Europe&#39;s largest carmaker, wants German workers to agree to a two-year wage freeze to cut costs amid a stagnating market in place of the 4 percent yearly raise unions are demanding.
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German automaker Volkswagen said it had bought 15.06 percent of German industrial group MAN with a view to creating a three-way alliance in the trucking business between with MAN and Swedish group Scania.
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Ford Motor Co.  on Wednesday said a total of 38,000 employees -- almost half of the automaker's U.S. factory workforce -- had accepted buyout offers to leave the company.
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FRANKFURT  - Around 15,000 workers at German car giant Volkswagen walked off the job in warning strikes aimed at turning up the pressure on management in deadlocked wage talks.
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Warning strikes by workers angry over planned cost cuts at Volkswagen briefly halted output at three German plants on Friday, underscoring the standoff between Europe&#39;s biggest car maker and its workforce.
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Volkswagen AG has warned its German workers that more than 30,000 jobs could be lost if they don&#39;t agree to a pay freeze and other concessions, raising
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German industrial group MAN would be happy to have Volkswagen as a shareholder if the company's 9.6-billion-euro (12.2-billion-dollar) bid for Swedish truck maker Scania succeeds, MAN's chief chief executive has said in an interview.
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More than 30,000 jobs could be at risk at automaker Volkswagen if labor unions refuse to forego wage rises and make other concessions in upcoming negotiations, a top manager was quoted as saying Thursday &#151; comments that drew a sharp response from Germany's largest industrial union.
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Struggling automotive supplier Visteon Corp. told its 8,300 white-collar workers that it plans to offer buyouts to a &quot;significant&quot; number of employees by year&#39;s end.
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Volkswagen AG workers demonstrated outside three factories during the latest round of talks between Europe&#39;s biggest carmaker and the union representing the company&#39;s German employees.
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Volkswagen, the biggest European carmaker, sold a record 6.2 million vehicles last year owing to strong demand in eastern Europe, Brazil and China, VW said Monday.
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Technology products retailer CDW agreed to a private equity buyout worth 7.3 billion dollars in the latest in a wave of takeovers.
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Volkswagen workers in Braunschweig were among 15,000 who yesterday staged token stoppages across Germany over the group&#39;s demands for cuts in labour costs, including a two-year pay freeze.
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Volkswagen AG, Europe's biggest automaker, said Friday it was open to labor union demands for job guarantees if employees agree to work longer for the same pay.