2024-11-11 05:40:10
Business
Economy

IG Metall's Wage Restraint Demand at VW

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IG Metall leader Christiane Benner has called for wage restraint from Volkswagen's management amid ongoing labor disputes. The automaker has proposed a 10% wage reduction during collective bargaining, while planning job cuts and possible plant closures. Benner criticized the company's management for its high salaries and questioned the dividend policy, highlighting structural issues and management errors as core problems.

Volkswagen, heavily influenced by Lower Saxony's 20% voting rights, has terminated employment guarantees, creating unrest among its workforce. The dissatisfaction is compounded by the cancellation of anniversary bonuses, despite substantial payouts to shareholders. The criticism extends to the lack of a clear strategy for the future of VW's plants, including the flagship Wolfsburg facility.

Amidst this backdrop, the broader metal and electronics industry is also embroiled in a wage dispute, with IG Metall seeking a 7% pay increase. Employers have countered with a significantly lower offer, prompting discussions and potential strikes. Both sides remain cautiously optimistic about reaching a resolution that could impact millions of employees. The ongoing negotiations are closely watched, as they underline the tension between maintaining corporate profitability and ensuring fair employee compensation.

gmx
11. November 2024 um 00:12

IG Metall leader demands wage restraint from VW management

Economy
Politics
IG Metall leader Christiane Benner criticizes VW's dividend policy, demands wage restraint from the board and rejects the repayment of dividends; VW is demanding a 10% wage cut in the collective bargaining round; six of the ten German VW plants are located in Lower Saxony, including the main plant in Wolfsburg; the state of Lower Saxony holds 20% of the voting rights; Benner understands the anger over the canceled anniversary bonuses with high management salaries and sees losses due to managem..
Frankfurter Rundschau
11. November 2024 um 00:11

IG Metall Chief Demands Wage Concessions from VW Management

Economy
VW plans to close plants, cut jobs and reduce wages by 10%. IG Metall chief Benner calls for the board to set an example by taking a pay cut. She criticizes that anniversary bonuses are being scrapped, but executive salaries remain high. Benner sees a need for a strategy to secure the future of the plants.
tz
11. November 2024 um 00:11

IG Metall Chief Demands Wage Concessions from VW Management

Economy
Finance
Volkswagen plans to close factories, cut jobs and reduce wages by 10%. IG Metall chief Christiane Benner demands that the board should lead by example with wage concessions.
zeit
11. November 2024 um 00:54

Volkswagen: IG Metall Leader Calls on VW Management to Forgo Wages

Economy
IG Metall leader Christiane Benner is calling on the VW board to forgo wages; criticism of executive salaries and dividend policy.
CW

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