GgoogleDE first seen 17 h ago, last 16 h ago, peak #3

VW announces end to nearly all collective agreements

Original: vw kündigt tarifvertrag

Volkswagen has terminated nearly all of its collective bargaining agreements in Germany, according to Bild, in what the outlet describes as the next major cost-cutting move. The step affects wage agreements covering much of the workforce and signals an escalation in the company's restructuring drive. It comes amid ongoing pressure on the German carmaker from high costs, weak demand and tough competition, with unions expected to push back hard against the announcement.

Why now: The termination of collective agreements threatens pay and conditions for a huge workforce, making it a major labour story in Germany.

VolkswagenBildIG MetallGermany

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Evidence

• Nächster Sparhammer! VW kündigt fast alle Tarifverträge · BILD
• VW: Volkswagen kündigt fast alle Tarifverträge · DIE ZEIT

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