VW plans for factory closures cross several red lines, works council chief says

WOLFSBURG/BERLIN (Reuters) - Volkswagen (ETR:VOWG_p ) is planning to shut factories in every scenario presented to labour representatives, putting both factions on collision course in a dispute over pay and jobs, and raising the spectre of strikes.

Daniela Cavallo, speaking a day ahead of a third round of negotiations between VW management and unions, said the proposals crossed several red lines and were not acceptable, asking the company to come up with a plan that maps out a future for all sites.

Source: Investing.com