Factory shutdowns would be a wrong move by Volkswagen , German Chancellor Olaf Scholz said, adding that Europe's largest carmaker had a responsibility to its employees.
Brazilian labor prosecutors charged Volkswagen's local unit with subjecting farm workers to conditions akin to slavery decades ago and are seeking 165 million reais ($27.5 million) in damages, they said on Thursday.
Volkswagen workers will go on extended strikes on Monday, stepping up a bitter dispute with management over layoffs and what would be the first factory closures on German soil for Europe's largest carmaker, a union statement said on Thursday.
Volkswagen is recalling 4,616 vehicles in the U.S. over concerns that the high-voltage battery may overheat and increase the risk of a fire, the National Highway Traffic Safety Administration said on Wednesday.
Volkswagen CEO Oliver Blume on Wednesday called union proposals for cost savings "a starting point" but said they were not sufficient enough to defend the carmaker's future.
Almost 100,000 workers joined walkouts at Volkswagen's German plants on Monday in protest at management plans to cut wages and even close sites at Europe's biggest carmaker, the IG Metall union said, threatening further industrial action.
VWAGY faces labor strikes at plants across Germany after it declined to rule out workforce reductions and potential plant closures in its home market.
Thousands of workers at Volkswagen sites across Germany participated in warning strikes on Monday as a conflict with management escalated over the carmaker's plans to slash jobs, cut pay and close factories.
Volkswagen Group (ETR: VOW3) is in focus this morning after its workers announced a “warning strike” in Germany. On Monday, the automaker's employees at nine of its nationwide car and component facilities paused work citing potential factory shutdowns and changes to labour agreements.
Volkswagen AG workers across Germany began striking Monday over the automaker's plans to cut costs.
Volkswagen workers across Germany initiated walkouts on Monday after labor leaders and management reached a stalemate over how to slash costs at the carmaker's namesake brand. Bloomberg's Oliver Crook reports.
Volkswagen plants across Germany saw workers go on strike for several hours at a time throughout Monday. Nine of Volkswagen's car and component factories in Germany were affected, with work either being halted temporarily for demonstrations or shifts being cut short by workers.