Employees demonstrate with banners reading 'Hands off of our collective agreement' (back) and 'Our plant, our region, our future' (front) on the factory premises during an information event organised by the Works Council of Volkswagen Saxony in Zwickau, eastern Germany on October 28, 2024, after auto giant Volkswagen announced plans to close at least three factories in Germany and slash tens of thousands of jobs as part of drastic cost-savings drive. The plan laid out by management, which affects the namesake VW brand, also includes a 10-percent pay cut for all staff, the company's powerful works council said in an update to staff. (Photo by JENS SCHLUETER / AFP) (Photo by JENS SCHLUETER/AFP via Getty Images)