• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Nine Volkswagen plants to strike as labour battle escalates

by December 2, 2024
written by December 2, 2024

BERLIN (Reuters) – Workers at nine Volkswagen (ETR:VOWG_p) car and component plants across Germany will strike for several hours on Monday, IG Metall union said, bringing assembly lines to a halt as labour and management clash over the future of the carmaker’s German operations.

Thousands are expected to gather at the carmaker’s headquarters in Wolfsburg. Demonstrations are also expected at the Hanover plant, which employs around 14,000 people, and other component and auto plants including Emden, Salzgitter (ETR:SZGG), and Brunswick (NYSE:BC).

The strikes, which could escalate into 24-hour or unlimited strikes if a deal is not struck in the next round of wage negotiations, will put a dent in Volkswagen’s output at a time when the carmaker is already facing declining deliveries and plunging profit.

“How long and how intensive this confrontation needs to be is Volkswagen’s responsibility at the negotiating table,” Groeger said on Sunday.

A company spokesperson on Sunday said the carmaker respected workers’ right to strike had taken steps to ensure a basic level of supplies to customers and minimise the strike’s impact.

The union last week proposed measures it said would save 1.5 billion euros ($1.6 billion), including forgoing bonuses for 2025 and 2026, which Europe’s top carmaker dismissed.

Volkswagen has demanded a 10% wage cut, arguing it needs to slash costs and boost profit to defend market share.

The company is also threatening to close plants in Germany, a first in its 87-year history.

An agreement not to stage walkouts ended on Saturday, enabling workers to carry out strikes from Sunday across VW AG’s German plants.

The labour union called on employees of the plants housed under subsidiary Volkswagen Sachsen GmbH, which include VW’s EV-only plant Zwickau, to strike on both Monday and Tuesday.

Negotiations will continue on Dec. 9 over a new labour agreement, with unions vowing to resist any proposals that do not provide a long-term plan for every VW plant.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Exclusive-Kioxia sets IPO price range of 1,390-1,520 yen per share, sources say
next post
Exclusive-Latest US strike on China’s chips hits semiconductor toolmakers

You may also like

Adani, Ambani news units sue OpenAI over copyright,...

March 13, 2026

China’s DeepSeek sets off AI market rout

March 13, 2026

BASF results down on impairments, restructuring

March 13, 2026

Nasdaq futures tumble as China’s AI push rattles...

March 13, 2026

European chipmakers slump as traders gauge DeepSeek AI...

March 13, 2026

Fuji Media, rocked by sexual misconduct allegations, says...

March 13, 2026

China Vanke’s CEO, chairman resign amid growing liquidity...

March 13, 2026

Italy’s MPS shares fall ahead of Mediobanca board...

March 13, 2026

UMG shares rally after new multi-year pact with...

March 13, 2026

British Land stock drops following stake sale

March 13, 2026
Sign up and get the scoop before anyone else—fresh updates, and secret deals, all wrapped up just for you. We're talking juicy tips, fun surprises, and invites to events you actually want to go to. Don’t just watch from the sidelines—jump in and be part of the magic!








    By signing up, you're cool with getting emails from us. Don’t worry — your info stays safe, sound, and strictly confidential. No spam, no funny business. Just the good stuff.

    Recent Posts

    • Trump administration alleges Nike discriminated against white workers

      March 13, 2026
    • Landmark trial accusing social media companies of addicting children to their platforms begins

      March 13, 2026
    • Retail operator of outdoor sportswear pioneer Eddie Bauer files for bankruptcy

      March 13, 2026
    • Cardi B’s cameo in Bad Bunny’s Super Bowl halftime show leads to dispute on prediction markets

      March 13, 2026

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (690)
    • Stock (6,426)

    Latest News

    • Trump administration alleges Nike discriminated against white workers
    • Landmark trial accusing social media companies of addicting children to their platforms begins

    Popular News

    • PDO Stock Price: Forecast and Dividend Insights
    • Japan stocks lower at close of trade; Nikkei 225 down 1.92%

    About The Significant deals

    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy