is known, there are currently talks between management and the
works council about a future pact," Stephan Weil told
journalists at an event late on Wednesday, adding the talks were
Management and labor leaders are seeking to agree on cost cuts
and investments that will form part of the German carmaker's
efforts to revive its fortunes more than a year after the diesel
emissions scandal broke.
Two sources close to the board had told Reuters on Wednesday
that an extraordinary meeting of the supervisory board had
become necessary because of the sheer number of issues facing
the 20-member panel on Nov. 18, when it is scheduled to ratify
spending plans for the multi-brand group through 2021.
Lower Saxony's Weil indicated that Friday's meeting was unlikely
to yield decisions. "Not too much should be expected from this
next meeting," he said.
Europe's largest carmaker is under pressure to make cuts at
high-cost operations in Germany to help to pay for a shift to
electric cars and autonomous driving while still dealing with
billions of euros in costs for the emissions scandal.
(Reporting by Jan Schwartz; Writing by Maria Sheahan; Editing by
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