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Today: VW: Getting out of the crisis with extra work? – Economic expert Monika Schnitzer on nursing and pension reform

Volkswagen is terminating collective bargaining agreements and relying on longer working hours, and BMW and Mercedes are also increasing pressure on employees. Can this save the automakers?

Translated from German Read in German

Today: VW: Getting out of the crisis with extra work? – Economic expert Monika Schnitzer on nursing and pension reform

Volkswagen has cancelled around a dozen collective bargaining agreements, including the important framework collective agreement. The goal is to increase working hours without increasing pay. The move is part of the crisis in the automotive industry, which is now affecting employees. Handelsblatt's auto reporter Lazar Backovic provides an analysis, and the paper's editor-in-chief Sebastian Matthes and economist Monika Schnitzer discuss Germany's care and pension reform.

Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

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