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According to the “Süddeutsche Zeitung” report, citing internal documents it saw, Volkswagen plans to freeze most of the world's 600,000 employees, and the policy will last until 2030. Affected by inflation, abandoning salary increases may reduce the actual income of relevant employees by about 10%. This salary freeze plan is one of the measures in the future planning document “Group Goal Vision” approved by VW Group management for international management negotiations. The document refers to the “realignment” of international collective labour negotiations. A new version of the negotiation guidelines, which will take effect in the fourth quarter, proposes a “wage freeze until 2030” by suspending wage increases. The guidelines also include cutting variable pay, special allowances and benefits, and layoffs. The report said that all of its brands, regions and factories should make “moderate” contributions to cost reduction goals. The public said that the upcoming round of negotiations is a formal occasion to discuss various internal operating arrangements.
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According to the “Süddeutsche Zeitung” report, citing internal documents it saw, Volkswagen plans to freeze most of the world's 600,000 employees, and the policy will last until 2030. Affected by inflation, abandoning salary increases may reduce the actual income of relevant employees by about 10%. This salary freeze plan is one of the measures in the future planning document “Group Goal Vision” approved by VW Group management for international management negotiations. The document refers to the “realignment” of international collective labour negotiations. A new version of the negotiation guidelines, which will take effect in the fourth quarter, proposes a “wage freeze until 2030” by suspending wage increases. The guidelines also include cutting variable pay, special allowances and benefits, and layoffs. The report said that all of its brands, regions and factories should make “moderate” contributions to cost reduction goals. The public said that the upcoming round of negotiations is a formal occasion to discuss various internal operating arrangements.
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