Volkswagen and IG Metall have reached a historic agreement after a grueling 70-hour negotiation marathon.

The deal includes cutting over 35,000 jobs by 2030, achieved through voluntary measures like early retirement and severance packages, avoiding forced layoffs.

This move is part of a broader cost-saving plan to address weak demand and global competition.

While workers face sacrifices, such as reduced bonuses and deferred wage increases, the agreement ensures job security until 2030 and avoids plant closures.

The compromise also includes a solidarity fund to support reduced working hours at underutilized sites.

VW aims to save over €15 billion annually, positioning itself as a leader in future automotive technologies.