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Volkswagen Strikes a Deal With Union, Won't Close Factories After All

  • Volkswagen has reached an agreement with its IG Metall union to keep all 10 of its plants in Germany open.
  • The automaker guarantees jobs for workers until the end of 2030.
  • The agreement involved the union withdrawing its request for a wage increase until 2031.
  • Volkswagen had previously considered closing factories and laying off workers due to declining sales and demand.

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