Volkswagen has struck a pivotal deal with its union leaders to preserve its 10 German factories and maintain job security agreements until 2030, despite looming plans to cut 35,000 jobs. The agreement comes after 70 hours of negotiations, five rounds of talks, and two major strikes in the past month involving 100,000 workers, marking the largest labor action in the automaker’s history. While the deal spares immediate factory closures, layoffs, and wage reductions, workers agreed to several concessions, including: Forgoing bonuses. Reducing permanent trainee employment. Cutting capacity at five factories, reducing production by 700,000 vehicles annually. Volkswagen aims to save approximately...