Volkswagen Stock: Labor Dispute Threat! - Börse Global
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On Friday, following talks with the IG Metall union, Volkswagen confirmed additional plans to cut 12,000 jobs in Germany. According to dpa, this means a total of 47,000 jobs are affected by the reduction plans. IG Metall threatened Volkswagen with industrial action starting in January, as Reuters reported. The precondition for this is that the group does not withdraw the termination of collective bargaining agreements by the end of October. The union is thus explicitly tying its demand to the withdrawal of the termination. As early as October 19, the General Works Council stated, according to Reuters, that Volkswagen is planning a wage freeze until 2030. This is expected to affect around 660,000 employees worldwide. On Friday, Volkswagen and IG Metall also agreed to enter into negotiations regarding the terminated collective bargaining agreements and their respective demands. November 24, 2026, in Emden is scheduled as the kickoff. The continuation is set to take place on December 15, 2026, in Zwickau. In Mexico, on the other hand, Volkswagen de México and the SITIAVW union agreed on a tentative collective bargaining agreement on Thursday. According to a Reuters report, the agreement averts a strike and applies for twelve months. According to the union, the package includes a total increase of 8.24%, including a direct wage increase of 4.4%. Employee voting on the tentative...
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