Volkswagen Seeks Unprecedented Global Wage Freeze Through 2030 Amid Intensifying Margin Pressures
German automaker Volkswagen instructed human resources managers worldwide to freeze salaries at current levels through 2030, eliminating inflation compensations and locally negotiated increases. The drastic directive, which labor union IG Metall warns will slash real incomes by ten percent, sets the stage for massive industrial conflict as workers demand a five percent hike, highlighting the severe structural crises facing the automotive crown jewel of Germany in the transition to electric mobility.