Volkswagen repeats threat of possibly moving jobs abroad
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Volkswagen again threatened to move jobs abroad as management sat down with unions to resume wage talks at a time when Europe's biggest car maker is seeking to impose controversial and painful cost cuts on its workforce.
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Negotiators from Volkswagen and the IG Metall industrial union headed into a fifth round of wage talks Thursday, with the union threatening to launch a flurry of short warning strikes if it doesn&#39;t get the job guarantees and wage increases it&#39;s demanding.
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Labour conflict looks set to boil over in the German automobile sector in the coming weeks as car makers such as Volkswagen and Opel seek to impose rigorous belt-tightening measures as an answer to chronically weak demand.
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Volkswagen VOWG.DE and its German   workers union are set to resume critical talks over planned   wage cuts on Friday, overshadowed by a threat from its   influential works council chief to break off the talks if no   immediate progress is made.
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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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FRANKFURT : Labour conflict looks set to boil over in the German automobile sector in the coming weeks as car makers such as Volkswagen and Opel seek to impose rigorous belt-tightening measures as an answer to chronically weak demand.
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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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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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Around 3,500 employees of German auto giant Volkswagen have taken voluntary redundancy since the beginning of the year as part of the group's massive restructuring programme, VW chairman Bernd Pischetsrieder has revealed.
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Governments cannot prevent inexorable job migration
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HANOVER - Management at Volkswagen and union leaders were locked in tough wage talks Tuesday as thousands of workers at Europe&#39;s largest car maker staged more warning strikes.
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Volkswagen said it would stop production of its Golf model at its Brussels plant, shocking workers and government leaders who fear more than 3,500 jobs could be lost. The company said it would move all Golf production to plants in MÃ¶sel and Wolfsburg in Germany as part of plans to cut production in Western Europe because of falling demand. A VW spokeswoman, Evelyne Helin, said 1,500 jobs could be salvaged of the 5,300 at the assembly plant.
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German financial markets are rife with speculation that Porsche intends to take over Volkswagen, and Porsche is acting as if it already calls the shots.
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Volkswagen AG, Europe&#39;s largest carmaker, aims to freeze wages and save jobs at its German factories in upcoming wage negotiations with workers.
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Volkswagen enters a fresh round of talks with its workers on Tuesday but analysts say little headway is likely as unions protest against the carmaker's threats to axe more than 30,000 employees in Germany.
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German exports are likely to reach new records again this year, but current political tensions in the Middle East could pose a threat, according to the German BGA federation of wholesalers and exporters.
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Staff at three VW factories start a series of warning strikes, as the carmaker continues talks over cost-cutting plans.