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Why VW workers walked out
CGTN Europe
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03/12/2024
VW workers across Germany have walked out in protest at plans to close plants. CGTN’s Trent Murray reports from Berlin.
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00:00
Well thousands of workers have walked off the job at nine Volkswagen factories
00:05
across Germany as a bitter wage dispute between unions and the company's
00:10
management intensifies. VW is Europe's biggest automaker and it is facing
00:16
increasing financial pressure. Its latest Q3 results showed its profits
00:21
plummeting by 64% so it's trying to now save costs including asking its workers
00:28
to take a 10% pay cut. That has angered unions here they say today's strike is a
00:35
first warning and that if the issue isn't resolved it could turn into an
00:40
unlimited strike going into the new year.
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