Volkswagen Continues Factory Closures
This is a Germany news story, published by Yahoo Finance, that relates primarily to Thomas Schäfer news.
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•VW boss sticks to factory closure plans despite looming strike
73% Informative
VW is sticking to its plans for factory closures in Germany even though the union has voted to go on strike in early December .
"We need to reduce our capacities and adjust to the new realities," chief executive officer of the VW brand, Thomas Schäfer , told Die Welt .
The IG Metall trade union gave its approval to the strikes, after another round of wage talks ended in Germany without success.
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