{
  "id": 16171039,
  "title": "Banks: Verdi calls for nationwide warning strikes at private banks",
  "url": "https://urgent.news/2026/10/23/banken-verdi-ruft-zu-bundesweiten-warnstreiks-bei-privaten-banken-auf",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-23T09:47:29.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/finanzen/banken-versicherungen/banken/banken-verdi-ruft-zu-bundesweiten-warnstreiks-bei-privaten-banken-auf/100264474.html"
  },
  "original_language": "de",
  "account": "The IG Metall and VW works council are demanding that Volkswagen withdraw the termination of almost all of its company-specific collective agreements. They have given the company until the end of October to reverse its decision, warning that otherwise, it will lead to a massive escalation of labour disputes. Volkswagen is seeking to cut labour costs amid a crisis, particularly due to a sales slump in China, with nearly 100,000 jobs at risk in Germany. The company terminated ten of its twelve collective agreements with IG Metall in late September.",
  "summary": "This is intended to increase pressure on employers before the second round of negotiations on November 2. Around 150,000 employees are affected by the collective bargaining dispute.",
  "key_points": [
    "IG Metall and VW Works Council demand VW retract termination of contracts",
    "Union warns of nationwide work stoppages if VW doesn't comply by Oct 31",
    "Nearly 100,000 jobs at four German factories at risk due to sales decline in China"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}