Volkswagen Expects Swift Return to Full Production After Supplier Deal
August 26 2016 - 7:41AM
Dow Jones News
By Monica Houston-Waesch
FRANKFURT--Volkswagen AG (VOW.XE) said on Friday it expects to
return to full production swiftly after reaching an agreement with
suppliers in a dispute that caused reduced working hours for many
German employees.
Volkswagen said it wouldn't seek government subsidies for
reduced hours at five plants--in Wolfsburg, Zwickau, Kassel,
Salzgitter and Braunschweig, but is seeking government assistance
for its Emden plant.
The government partially subsidizes reduced working hours to
avoid layoffs, when companies apply for assistance.
Earlier this week, Volkswagen reached a deal with suppliers that
had stopped delivering parts in a conflict that disrupted
production.
Write to Monica Houston-Waesch at nikki.houston@wsj.com
(END) Dow Jones Newswires
August 26, 2016 07:26 ET (11:26 GMT)
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