The next round of collective bargaining talks at Volkswagen is scheduled for Thursday. The works council and IG Metall trade union announced that they will propose a salary cut, among other things, to reduce costs, prevent redundancies, and subsequent plant closures.
Also dividends.
That the union is proposing this is really infuriating.
Read a bit closer, this is not a wage cut, it is raising wages, but using a bit of financial trickery and an amazing spin to sell it as wage cuts.