Published: Sep 11, 2024, 05:05 IST | Updated: Sep 11, 2024, 05:05 IST
World Business Watch Sep 11, 2024, 05:05 IST
Volkswagen ends employment guarantees: What it means for workers
Volkswagen, Europe's largest automaker, has decided to scrap decades-old job security guarantees at six German plants. This move is part of a broader cost-cutting drive aimed at competing with cheaper Asian rivals.