VW Closes in on Labor Deal to Keep German Factories Open

Volkswagen is in the midst of complex negotiations with labor leaders and management to avoid closing factories in Germany, a first in its history. Initial talks included closing three factories and implementing wage freezes and pay cuts. However, current discussions suggest no job cuts, reinstating job security, and restructuring by cutting bonuses and moving some manufacturing to Mexico. The negotiations are ongoing, with market conditions and potential risks influencing decisions.

What are the implications of moving some manufacturing from Germany to Mexico?

What impact do the recent European car sales figures have on Volkswagen's negotiations?