The labor union has promised "the toughest wage dispute Volkswagen has ever seen." VW has planned to close three plants amidst plunging prof

Volkswagen workers strike at factories across Germany

submited by

Style Pass

2024-12-02 20:00:15

The labor union has promised "the toughest wage dispute Volkswagen has ever seen." VW has planned to close three plants amidst plunging profits.

Thousands of Volkswagen workers in Germany went on strike on Monday after the company announced plans to close three plants and slash pensions.

"Warning strikes will begin Monday in all plants," said Thorsten Gröger, who is leading the union negotiations with German auto giant.

Tens of thousands of employees with the IG Metall union stopped work at 9:30 a.m. The strike is set to last two hours, a process which will be repeated by the late shift. .

The move is a response to €18 billion ($19 billion) in budget cuts at the struggling carmaker, which includes major changes to its generous pension plan and an unprecedented three plant closures within Germany.

"We demand that all make their contribution — management and the shareholder side as well," workers' council leader Daniela Cavallo said at the rally outside VW's flagship plant in Wolfsburg, referencing a demand from employees that executives take cuts to their Christmas bonuses.