Volkswagen Salary Freeze Until 2030? Workers Push Back As Carmaker Cuts 100,000 Jobs

Volkswagen is facing a fresh clash with workers as the German auto giant reportedly considers freezing salaries for its roughly 660,000 employees worldwide until 2030. Unions warn workers could lose around 10% of their purchasing power as living costs rise.

The dispute comes as Volkswagen undertakes a major restructuring, with around 100,000 job cuts planned worldwide by the end of the decade. Weak European car sales, high production costs in Germany and intensifying competition from Chinese EV makers such as BYD are adding to the pressure. Can cost-cutting make Volkswagen competitive again?

#Volkswagen #Germany #AutoIndustry #ElectricVehicles #BYD #Europe #JobCuts

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