Volkswagen (VOW3 GY) on union cost cut proposals: Most measures wouldn't lead to sustainable financial relief; rejected most recent proposals
- Proposals wouldn't resolve the auto market's structural problems.
- EUR 1.5vln in savings in the union proposal can't be ascertained.
- Remains in dialogue with labour representatives.
- Proposals are intended to buy time that the Co. doesn't have.
29 Nov 2024 - 15:31- Equities- Source: Newswires
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