Niedersachsen Minister VW's Cost-Cutting Measures

Volkswagen faces backlash over the termination of job security agreements and proposed wage cuts amid union negotiations.

Olaf Lies, Niedersachsen's Economic Minister, has openly criticized Volkswagen's decision to end long-standing job security measures, which previously prevented layoffs.
Volkswagen's aggressive cost-cutting strategy has led to significant distrust among employees and stakeholders, according to Lies.
The company is in ongoing negotiations with the IG Metall union, with the next round of talks scheduled for November 21.
Lies has emphasized the importance of avoiding plant closures, arguing that current sites will be necessary for future production needs.
Volkswagen is seeking a 10% wage reduction across its German plants, six of which are located in Niedersachsen, including the main Wolfsburg facility.