German automotive business model was based on profits from Asia subsidiazing outdated, expensive structures in Germany, with unions and workers councils basically running the show. Now, instead of focusing on innovation VW & Co. will be busy with negotiating restructuring plan.
While German automotive industry is imploding, automotive union has just started warning strikes today for seven percent salaries increase. They live in a world that doesn’t exist anymore. It will get nasty.
Employment German Auto Industry
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