Volkswagen plans to freeze employee salaries until 2030
The German group Volkswagen intends to freeze employee salaries until 2030. Sales declined in the first three quarters, and plant futures in Emden, Hannover, and Zwickau remain uncertain. The union fears wage losses of at least 10 percent.
- The German group Volkswagen intends to freeze employee salaries until 2030.
- The salary freeze could mean an income loss of about ten percent for affected employees due to inflation.
- The company plans to eliminate about 100,000 jobs in the coming years.
- IG Metall fears real wage losses of at least ten percent if the plans are implemented.
- Negotiations for a new collective agreement are expected to start at Volkswagen at the end of November.
- The entire Volkswagen group's sales decreased over the first three quarters.
- The group announced a first cut of 50,000 positions in Germany until 2030.
- The future of VW plants in Emden, Hannover, and Zwickau is uncertain beyond 2031.
- Volkswagen declined to comment on the plans, classifying inquiries as speculation.
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