Volkswagen is set to make an unprecedented move: closing three German factories in a drastic cost-saving effort aimed at ...

"The weak market demand in Europe and significantly lower earnings from China reveal decades of structural problems at VW," ...

T he spectre of deindustrialisation has long haunted Germany. Russia’s full-scale invasion of Ukraine in 2022 caused energy ...

German automaker Volkswagen told its workers on Wednesday, October 30, that a 10 percent pay cut is their best hope for preserving jobs and remaining competitive in the marketplace. It’s not what ...

In addition to the layoffs, Volkswagen plans to cut salaries across the board by at least 10%, with a pay freeze scheduled ...

Nearly a quarter of Fox News’ prime-time economic news coverage in the second quarter of 2024 espoused or promoted so-called ...

Volkswagen plans to shut at least three factories in Germany, lay off tens of thousands of staff and shrink its remaining ...

ITV has reportedly confirmed that Celebrity Big Brother will be returning to ITV1 and ITVX next spring for a brand new series ...

VW's iconic Bus revival revives the groovy and far-out vibes of the original and ushers them into the new age of ...

CHONGQING – Starting in October, project manager Andy Hong, who works at a state-owned technology company in Beijing, will have his salary cut by 4,000 yuan (S$740) or about 10 per cent.

The International Association of Machinists and Aerospace Workers said early Saturday that it plans to hold a ratification vote on Wednesday. The union said the deal would increase pay by 35% over ...

To survive the strike, Boeing announced plans Tuesday to raise up to $35 billion in new cash -- and fire 17,000 workers. With IAM's rejection of Boeing's offered 25% pay raise, and the union's ...