Home » News » Collective wage agreement at Volkswagen: More money in two stages

Collective wage agreement at Volkswagen: More money in two stages

A VW employee at the Wolfsburg plant. Photo: Swen Pförtner/dpa pool/dpa

Langenhagen (dpa) – After intense negotiations, Volkswagen and IG Metall have agreed on a collective agreement for around 125,000 employees at the six West German locations. Salary and training allowances will be increased by 5.2 percent from June 2023 and a further 3.3 percent from May 2024. As in the area, the term is 24 months, IG Metall announced Wednesday morning. The union has invited a press conference in Hanover at 9 am to present the details of the agreement.

VW employees will also receive an inflation compensation bonus of €3,000, which will be paid in two stages in February 2023 (€2,000) and January 2024 (€1,000). The trainees each receive half, as IG Metall further announced. In addition, VW’s new specific regulations for partial retirement (ATZ), time off options and tuition fees apply.

Thorsten Gröger, negotiator at IG Metall, said: “More than 4,000 employees have increased the pressure on employers in the second negotiation.” VW took the curve again shortly before the end of the peace obligation. “I won’t hide the fact that the discussion was not easy – this alone demonstrates the extremely long negotiation time overnight.”

Cavallo: “A really solid conclusion has succeeded”

President of the general works council Daniela Cavallo said: “In difficult times, we have reached a really solid conclusion. Colleagues quickly receive much more money.”

Arne Meiswinkel, Chief Negotiator of Volkswagen AG and Member of the Management Board for Human Resources of Volkswagen Passenger Cars, said: “We have reached an agreement under the peace obligation and are thus creating security and stability of sustainable planning both for the employees and for the company”.

The VW corporate rate has been negotiated for the core workforce at the locations in Braunschweig, Emden, Hanover, Kassel, Salzgitter and Wolfsburg as well as for some subsidiaries. The union had asked for an 8 percent wage increase for around 125,000 employees, an extension of the collective agreement on partial retirement, more days off for union members and the assumption of semester fees for dual students in the company.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.