(Reuters) – Volkswagen wants its workforce to take pay cuts of 10% in order to remain competitive and safeguard jobs, the company said in a statement on Thursday. The announcement comes after a request from the IG Metall union to hike salaries by 7% and reinstate collective agreements. The company says it is unable to […]
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Volkswagen calls for 10% pay cuts
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(Reuters) – Volkswagen wants its workforce to take pay cuts of 10% in order to remain competitive and safeguard jobs, the company said in a statement on Thursday.
The announcement comes after a request from the IG Metall union to hike salaries by 7% and reinstate collective agreements. The company says it is unable to meet those demands.
(Reporting by Paolo Laudani, editing by Thomas Escritt)