Volkswagen ‘s Spanish unit Seat on Friday was reported to have said it had agreed to reduce layoffs by more than half after months of talks with unions as it seeks to cut costs to counter falling sales and market share in Europe.
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Seat said it had agreed 660 layoffs with unions, down from an originally planned 1,346, according to Reuters.
“The agreement that we have reached will allow us to considerably reduce forced layoffs,” Seat chairman Andreas Schleef said in a press release cited by the news agency.
The agreement comes after a series of strikes in protest at the job cut proposals which initially amounted to about 9% of the workforce, Reuters noted.
