Daniela Cavallo (L), chairwoman of the General and Group Works Council of the Volkswagen Group, and Thorsten Groeger (R), negotiator of the IG Metall metalworkers union, hold an alarm clock as they pose for a photo as 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)