Employees of German car maker Volkswagen (VW) attend an information event by workers' representatives focusing on their management's latest savings proposals, on October 28, 2024 at the company's headquarters in Wolfsburg, northern Germany. Volkswagen is considering closing several plants in Germany and slashing salaries by 10 percent as the ailing auto giant pursues a drastic cost-cutting plan. (Photo by Julian Stratenschulte / POOL / AFP) (Photo by JULIAN STRATENSCHULTE/POOL/AFP via Getty Images)

An employee of German car maker Volkswagen (VW) attends an information event by workers' representatives focusing on their management's latest savings proposals, on October 28, 2024 at the company's headquarters in Wolfsburg, northern Germany. Volkswagen is considering closing several plants in Germany and slashing salaries by 10 percent as the ailing auto giant pursues a drastic cost-cutting plan. (Photo by Julian Stratenschulte / POOL / AFP) (Photo by JULIAN STRATENSCHULTE/POOL/AFP via Getty Images)

Daniela Cavallo (L), chairwoman of the General and Group Works Council of the Volkswagen Group, addresses employees of German car maker Volkswagen (VW) attending an information event by workers' representatives focusing on their management's latest savings proposals, on October 28, 2024 at the company's headquarters in Wolfsburg, northern Germany. Volkswagen is considering closing several plants in Germany and slashing salaries by 10 percent as the ailing auto giant pursues a drastic cost-cutting plan. (Photo by Julian Stratenschulte / POOL / AFP) (Photo by JULIAN STRATENSCHULTE/POOL/AFP via Getty Images)

Employees of German car maker Volkswagen (VW) attend an information event by workers' representatives focusing on their management's latest savings proposals, on October 28, 2024 at the company's headquarters in Wolfsburg, northern Germany. Volkswagen is considering closing several plants in Germany and slashing salaries by 10 percent as the ailing auto giant pursues a drastic cost-cutting plan. (Photo by Julian Stratenschulte / POOL / AFP) (Photo by JULIAN STRATENSCHULTE/POOL/AFP via Getty Images)

(FILES) Britain's new Chancellor of the Exchequer Rachel Reeves leaves 11 Downing Street in London on July 5, 2024 as cabinet appointments are made, a day after Britain held a general election. Britain's Finance minister Rachel Reeves, who will present the budget to parliament, has promised "iron discipline" over public finances. The highly-anticipated fiscal update -- the first under the centre-left government after 14 years of Conservative rule -- is crucial to Starmer's mission of firing up Britain's sluggish economy. (Photo by Paul ELLIS / AFP) (Photo by PAUL ELLIS/AFP via Getty Images)

(FILES) Britain's Chancellor of the Exchequer Rachel Reeves speaks on the second day of the annual Labour Party conference in Liverpool, north-west England, on September 23, 2024. Britain's Finance minister Rachel Reeves, who will present the budget to parliament, has promised "iron discipline" over public finances. The highly-anticipated fiscal update -- the first under the centre-left government after 14 years of Conservative rule -- is crucial to Starmer's mission of firing up Britain's sluggish economy. (Photo by Paul ELLIS / AFP) (Photo by PAUL ELLIS/AFP via Getty Images)

(FILES) Britain's Chancellor of the Exchequer Rachel Reeves speaks on the second day of the annual Labour Party conference in Liverpool, north-west England, on September 23, 2024. Britain's Finance minister Rachel Reeves, who will present the budget to parliament, has promised "iron discipline" over public finances. The highly-anticipated fiscal update -- the first under the centre-left government after 14 years of Conservative rule -- is crucial to Starmer's mission of firing up Britain's sluggish economy. (Photo by Paul ELLIS / AFP) (Photo by PAUL ELLIS/AFP via Getty Images)

TOPSHOT - This handout photograph taken and released on October 28, 2024 by the Indian Press Information Bureau (PIB) shows Spanish Prime Minister Pedro Sanchez (R) with his Indian counterpart Narendra Modi waving to crowd during a roadshow following his arrival in Vadodara in India's Gujarat state. Sanchez was welcomed to India on October 28 with a flower-filled open-top parade alongside counterpart Narendra Modi, as Madrid seeks to boost investment in the world's fifth-largest economy. (Photo by PIB / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / Indian Press Information Bureau (PIB)" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS (Photo by -/PIB/AFP via Getty Images)