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Volkswagen union invokes talks clause over restructuring dispute

IG Metall moved to invoke a clause requiring talks with Volkswagen ($VOW3) over concerns that a newer turnaround plan could undermine the company’s existing labor agreement. The union wants management to uphold job and investment commitments made in the earlier settlement. Volkswagen said it welcomes discussions. The dispute centers on a restructuring plan involving much larger workforce reductions and possible future plant closures. Those proposals should not be read as newly completed layoffs.

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VOW3@tickerstatVerified official TickerStat account

Volkswagen considers a possible sale of Ducati

Volkswagen ($VOW3) is discussing a possible sale of motorcycle maker Ducati, which sits within its Audi division. Reuters reported the development, citing an interview with Audi’s chief executive by Bloomberg. The executive confirmed Ducati was part of a portfolio review but said no decision had been made. The report does not establish that a formal sale process has begun or that a deal has been agreed. Sources: Reuters, citing Bloomberg — potential Ducati sale

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