AGP Executive Report
Last update: 3 hours agoPay Dispute: More than 400,000 German industrial workers took action for higher pay, with warning strikes planned at over 2,000 workplaces as IG Metall also presses for job security. Automotive Jobs: Schaeffler plans to cut 3,460 jobs across Europe and close five sites, while Volkswagen has softened its proposed global wage freeze through 2030. Müller also plans to close plants in two German states. Workforce Outlook: Germany faces a labor-market contradiction: industrial employers are cutting jobs even as the country looks to India and other countries to recruit skilled workers.
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