VW stock weak ahead of union vote on wage talks
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Shares in Volkswagen  fell  more than 2 percent on Monday ahead of a vote by German  metalworkers union IG Metall on whether to reopen its contract  with Europe's biggest carmaker.
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Volkswagen challenged its workers with a tough wage plan on Monday ahead of talks seen as a gauge of their readiness to favor job security over pay
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Workers at Germany&#39;s automobile giant Volkswagen (VW) have staged warning strikes in the on-going wage dispute with the management.
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Volkswagen says it may need to slash 30,000 jobs if unions refuse to agree to pay freezes at next week's talks.
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FRANKFURT -- Automaker Volkswagen AG said yesterday there is ''no room&quot; for wage increases as it prepares for pay talks with Germany's largest industrial union, and detailed proposals to trim labor costs by cutting paid breaks and increasing flexible working time.
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Volkswagen and its workers entered a critical week in their wage negotiations on Monday, with signs that a compromise was taking shape even as protests flared at factories across Germany.
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Volkswagen says it may need to slash 30,000 jobs in Germany if unions refuse to agree to pay freezes.
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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, dismissing a union demand for a 4 percent yearly raise.
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Volkswagen and its union traded threats Wednesday ahead of renewed wage talks, with several thousand workers staging short work stoppages and the German carmaker&#39;s personnel chief warning of dramatic job cuts if the company doesn&#39;t get cost
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Frankfurt - Volkswagen management and union representatives in Germany were to resume deadlocked wage and job talks on Tuesday following a day of &quot;difficult but not desperate&quot; discussions.
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HANOVER, Germany  - German engineering union IG   Metall has extended until Wednesday its ultimatum to Volkswagen   VOWG.DE to provide binding and concrete investments that will   secure jobs for its German workforce.
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Workers and management at German car giant Volkswagen make little headway in initial negotiations over a new pay deal.
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FRANKFURT Representatives of Volkswagen and its labor union faced off across a table Wednesday, opening a round of negotiations that will be closely watched here as a test of how long German workers can preserve their privileged place in the global auto
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Outraged workers in Germany refuse to resume production as automaker seeks to save $623.8Ma year. FRANKFURT, Germany  - General Motors management started negotiations with union leaders Monday over
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Volkswagen AG, Europe&#39;s largest carmaker, and the IG Metall union said they made no progress in their first negotiating session on a new contract and it will be difficult to reach an accord.
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Europe's biggest carmaker Volkswagen is to meet with unions for talks that experts say are vital to the firm's future.
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Stocks fell on Monday as financial shares weakened on news that Germany's largest bank may take a big hit from subprime mortgage investments, while a landmark strike at General Motors raised concern about the economic outlook.