In high-wage Germany, VW’s labour prices outstrip the competitors | Reuters Information Company

20 November 2024, 11:48 am 1 minute

As Volkswagen and unions gear up for the subsequent spherical of talks over wages and plant closures in Germany, firm and trade information reviewed by Reuters present that the automaker spends the next proportion of gross sales on labour prices than main rivals. 

Why it issues 

The info, in an inner memo by Volkswagen’s works council reviewed by Reuters, underscores the corporate’s problem to stay aggressive in its dear residence market as cheaper fashions from China arrive. 

Volkswagen’s troubles additionally come amid broader anxiousness in Germany over competitiveness, as politicians gear up for an election battle in February over how you can revive a weakening industrial base. 

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