Volkswagen (VWAGY) works council chief Daniela Cavallo said that the car maker’s restructuring of its Wolfsburg facility from 2027 to make way for EV-only output could result in a temporary four-day working week at the factory, Reuters reports. Cavallo told reporters that unions had agreed to minimum capacity utilization for the transition period, but urged employees to take on additional shifts in the run-up to compensate for the likelihood of fewer working hours in the coming years.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VWAGY:
- Rivian’s (RIVN) R2 Platform Will Power All of Volkswagen’s Future EVs
- Charged: Tesla targets June 12 launch of robotaxi service in Austin
- Tesla not looking to make cars in India, Reuters reports
- Trump says automakers must build entire vehicles in U.S., Reuters says
- Here’s Why Automakers Are Reviving Extended-Range EVs despite Initially Flopping