Germany660,000 Volkswagen workers face zero raises until 2030.
The union IG Metall fears real wage losses of at least 10%.
The directive, in force since early October, ends budgeting that covered inflation and bargained raises, the union says.
Works councils call it absurd, noting personnel costs are a fraction of Volkswagen’s cost of sales.
Talks open in late November in Germany, where IG Metall demands 5%.
How each outlet framed it
drawn from 100+ reports worldwide
- www.Bluewin.ch leans critical
- quantifies the union's fear of at least 10% real wage losses if the freeze runs to 2030
- Bloomberg Business
- Anadolu Ajansı leans critical
- pairs the freeze with IG Metall's 5% wage demand over 12 months and the works council president's request that management explain the plan
Sources: www.Bluewin.ch, Bloomberg Business, Anadolu Ajansı