Volkswagen Cost-Cut Measures

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Negotiations on wages and plant closures to continue on December 9, IG Metal asks its members to go on strike starting from December 1

  • IG Metal told its members to go on strike starting from December 1 as negotiations on wages and plant closures continue.
  • Volkswagen said the collective agreement that’s being renegotiated affects 120,000 employees at the plants in Wolfsburg, Braunschweig, Hanover, Salzgitter, Emden and Kassel.
  • Braunschweig, Salzgitter and Kassel plants are used to make vehicle components while Wolfsburg, Hannover and Emden produce around 800,000 units a year. That means a strike in December would lead to an output headwind of around 3,000 units per day.
  • The next round of negotiation has been set for December 9, after an expiry of peace obligation for the collective wage agreements.
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