IG Metall is Germany's top metalworkers' union and Europe's largest industrial union, shaping labor policy and wage talks across industry.
France and Germany have announced they will end plans to build a joint sixth-generation fighter jet, after industrial deadlock between Dassault and Airbus blocked progress. Leaders say work on associated drones and a shared combat data network will continue, but the core €100bn fighter programme has been abandoned this week.
Volkswagen has signalled a major restructuring plan, with reports that the group is weighing further job cuts and plant closures in Germany to cut costs and counter Chinese competition. The board meeting on July 9 will review potential closures of Hanover, Zwickau, Emden, and Neckarsulm, as part of a broader program to reduce costs and boost profitability.
Germany's government has unveiled a broad package of reforms, including €10 billion in annual tax relief for lower-income earners, pension overhauls, tighter sick-leave rules, and reduced bureaucracy. The plan, financed by raising the top tax rate for high earners, aims to boost growth and competitiveness but faces mixed reactions from unions and business groups as it seeks Bundestag and Bundesrat approval.
Volkswagen has presented a restructuring plan that will cut model lines by up to half and reduce production capacity to about 9 million vehicles a year. Chief executive Oliver Blume has said the group faces a 20% cost disadvantage to rivals and has proposed a "theoretical" further 50,000 job reductions on top of earlier cuts, prompting union protests and board resistance.