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IG Metall union proposes EUR 1.5 billion cost-saving plan to secure jobs and avoid VW plant closures in Germany

On November 20, the IG Metall union announced that it would present a plan to reduce personnel costs by around EUR 1.5 billion to Volkswagen AG. The proposal includes temporarily directing wage increases into a solidarity fund, which could help reduce working hours if needed, and manage staff reductions in a socially....

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