Volkswagen Faces Strike Threat as Wage Talks Stall

Unions push back against cost-cutting measures, proposing €1.5 billion in savings to avoid plant closures and layoffs.

Volkswagen's third round of wage negotiations with IG Metall ended without resolution, raising the likelihood of warning strikes starting December 1.
The union proposed a €1.5 billion cost-saving plan, including deferred wage increases and a solidarity fund for reduced working hours, to prevent layoffs and plant closures.
Volkswagen management has demanded a 10% wage cut and has not ruled out shutting down at least three German plants due to overcapacity and declining sales in Europe and China.
Over 7,000 workers protested in Wolfsburg, calling for job security and rejecting the company's proposed cuts, with union leaders warning of unprecedented labor action if demands are ignored.
Both sides aim to reach an agreement before Christmas, with the next negotiation round scheduled for December 9.