German Workers Protest After VW Slashes Profit Outlook

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Tens of thousands of German workers plan protests across the country demanding job and factory protections after Volkswagen reduced its profit forecasts. The demonstrations will involve employees from major car manufacturers and suppliers in over 280 events nationwide.

Tens of thousands of workers across Germany plan to stage protests on Monday, seeking protection for jobs and factories. Employees at Volkswagen, which slashed its profit outlook late Friday, as well as Mercedes-Benz, BMW, Audi, Porsche and major suppliers, will take part in demonstrations at more than 280 events nationwide. Bloomberg's Elisabeth Behrmann reports. (Source: Bloomberg)