VW on the start of the wage round: "The situation is serious"

In the midst of the crisis at VW, the car manufacturer’s wage negotiations are starting today. VW is starting off by reaffirming its willingness to cut costs.

Hanover (dpa) – VW has started the collective bargaining negotiations with the IG Metall confirmed its savings targets. “We must restructure our company together. “The situation is serious,” said VW negotiator Arne Meiswinkel, HR director of the core brand Volkswagenbefore the start of the wage negotiations in Hanover. “The task now is to find viable solutions.”

The wage negotiations, originally planned for the end of October, were brought forward after VW tightened its austerity measures at the beginning of the month. “The first round of negotiations will be about getting a common picture of the initial situation,” said Meiswinkel. Instead of just discussing pay, negotiations will also focus on the job security measures that VW has terminated.

IG Metall rejected redundancies and plant closures and is demanding a seven percent pay increase for the 120,000 VW employees at six West German locations who have fallen below the company’s collective agreement.

topicnews · September 25, 2024

VW on the start of the wage round: “The situation is serious” – Economy

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topicnews · September 25, 2024

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