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.
After we had an honest talk about why they should be neccessary: Because of VW’s claims that they can’t afford ~3 billion in needed investments over the coming years. That’s after staunchly refusing to produce for a market with actual demand and instead focussing on some small “but profit margins per car are so much better”-luxury segment exclusively, after losing ~30 billions with their emission scandal not that long ago, and after none-the-less paying out the record amount of 4.5 billion in dividends just a few months ago. But I guess some more crying about Germany’s high energy prices (that are actually down to completely normal levels and been like this for more than a year at least) hurting the ecomony will totally solve their problem…
I’m all for talking about wage cuts…
After we had an honest talk about why they should be neccessary: Because of VW’s claims that they can’t afford ~3 billion in needed investments over the coming years. That’s after staunchly refusing to produce for a market with actual demand and instead focussing on some small “but profit margins per car are so much better”-luxury segment exclusively, after losing ~30 billions with their emission scandal not that long ago, and after none-the-less paying out the record amount of 4.5 billion in dividends just a few months ago. But I guess some more crying about Germany’s high energy prices (that are actually down to completely normal levels and been like this for more than a year at least) hurting the ecomony will totally solve their problem…