Volkswagen (VWAGY) workers at nine German plants, including its headquarters in Wolfsburg, staged strikes on Monday as workers protested over pay and plans to shut factories, The Financial Times’ Patricia Nilsson reports. VW says it respects workers’ right to take part in warning strikes and that it has taken “targeted measures in advance to ensure emergency supplies” and keep the impact on production “as low as possible.”
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VWAGY:
- Volkswagen workers to go on warning strikes across Germany, Reuters says
- Volkswagen (VWAGY) May Face Big Disruptions as Union Talks Break Down
- VW dismisses union’s cost savings proposals, Reuters reports
- Volkswagen India allegedly evaded $1.4B in taxes in India, Reuters reports
- Tariffs could push auto prices out of U.S. consumers’ reach, says Morgan Stanley