Volkswagen (VWAGY) is edging closer to an agreement with labor leaders in the car maker’s longest negotiations over pay and jobs, though the final outcome remains uncertain as the company aims to push through cuts and avert mass work stoppages, Reuters’ Christina Amann reports, citing sources. The car maker has been in discussions with labor representatives since September over measures it claims are necessary for it to compete with Chinese rivals, lackluster demand in Europe, and slower-than-expected adoption of electric vehicles, the author notes.
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