2024-10-28 09:00:09
Business
Automotive
Economy

VW's Workers Unite Amidst Uncertainty

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Volkswagen's Works Council has mobilized employees across German factories to address pressing concerns over wage cuts, potential plant closures, and layoffs. These informational events aim to bridge the communication gap created by the executive board's inadequate information policy.

In light of recent announcements regarding the necessity for significant cost savings, the council advocates for employee engagement and solidarity. The upcoming round of wage negotiations is set against a backdrop of financial warnings and operational challenges within the company, particularly in the wake of issues in the Chinese market and electric vehicle production.

As the workforce demands a wage increase of 7%, the tension between management's austerity measures and employee rights intensifies, highlighting the precarious situation for thousands of families dependent on VW.

AFP
27. Oktober 2024 um 16:15

VW Works Council Announces Information Events on Talks with Executive Board

Economy
The VW Works Council is informing the workforce about crisis talks, planned changes to collective bargaining agreements, the second round of wage negotiations, cost-cutting plans for the core brand, and the announcement by the Executive Board at the beginning of September.
NDR
28. Oktober 2024 um 05:38

VW Works Council Rallies Employees Ahead of Collective Bargaining

Economy
VW works councils are calling on employees to attend information events ahead of the collective bargaining; the employee side is showing a combative spirit; the works council criticizes the "inadequate information policy" and the lack of a "coherent overall concept" for crisis management; plant closures, layoffs, and cuts in the local collective agreement are on the table.
DER SPIEGEL
28. Oktober 2024 um 07:20

Volkswagen: A 'Poison List' Unsettles the VW Workforce - DER SPIEGEL

Economy
Finance
VW is looking for ways out of the crisis; a package of measures with wage cuts, zero rounds, and bonus cuts is being discussed; the works council and IG Metall reject the plans; collective bargaining negotiations with IG Metall are underway; a profit warning for 2022 has been issued; overcapacities of 500,000 cars in Europe, of which 300,000 are in the core VW brand.
CW

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