Topic
Automotive Industry
Volkswagen board approves plan to cut another 50,000 jobs
Volkswagen is eliminating a total of 100,000 positions by the end of the decade as it faces falling profit margins and intensifying rivalry from Chinese manufacturers.
Unifor reaches tentative contract agreement with Ford Canada for 5,150 workers
The agreement includes significant wage increases and capital investments for Ford facilities, serving as a pattern for talks with General Motors and Stellantis.