VW cancels important deals with the workers
165
The car maker Volkswagen has big trouble. The company wants to save much money. Therefore VW cancels many work deals.
A work deal is a clear rule for jobs. It has rules for pay and work time. VW cancels 10 of 13 deals. This affects more than 100.000 workers in Germany.
VW says: We have big pressure. Companies from China sell cheap cars in Europe. Therefore VW must spend less money. The management wants new talks.
The deals end on December 31 in the year 2026. From January 2027 the workers feel the change. Extra money can stop. Also the work time can change.
The union IG Metall is very angry. The union calls this unfair. Also the worker council wants to fight back. A big fight starts soon.
VW wants to cut many jobs. Until the year 2030, 35.000 jobs in Germany vanish. Worldwide 50.000 jobs vanish. The boss of VW is Oliver Blume. He must change the company.
A work deal is a clear rule for jobs. It has rules for pay and work time. VW cancels 10 of 13 deals. This affects more than 100.000 workers in Germany.
VW says: We have big pressure. Companies from China sell cheap cars in Europe. Therefore VW must spend less money. The management wants new talks.
The deals end on December 31 in the year 2026. From January 2027 the workers feel the change. Extra money can stop. Also the work time can change.
The union IG Metall is very angry. The union calls this unfair. Also the worker council wants to fight back. A big fight starts soon.
VW wants to cut many jobs. Until the year 2030, 35.000 jobs in Germany vanish. Worldwide 50.000 jobs vanish. The boss of VW is Oliver Blume. He must change the company.
This text was generated automatically and has not been reviewed for accuracy. No guarantee is given for the correctness of the content. Learn more Learn more about article generation
Definitions
- Work deal
- A deal between bosses and a union. It sets rules for pay and work time for many workers.
- Union
- A group of workers. They fight together for better work and more pay.
- Worker council
- A group of chosen workers in a company. They speak for all workers against the boss.
- Special deal
- A special contract that sets basic work rules like time limits.
- Management
- The leader group of a company. These persons make big choices for the firm.
People
- Arne Meiswinkel
- He is the personnel board member at Volkswagen and takes care of worker topics.
- Oliver Blume
- He is the big boss of Volkswagen and leads the change in the company.
- Thorsten Gröger
- He is the boss of the union IG Metall in the state Lower Saxony.
- Daniela Cavallo
- She is the leader of the worker council at Volkswagen and speaks for the workers.
Locations
- Germany
- A country in Europe where Volkswagen has many factories and workers.
- Hannover
- A city in Germany where important talks between VW and the workers happen.
Sources
Latest articles
Economy
Finance & Stock Market
Prices in Germany are rising fast
Read nowInflation in Germany is high. Prices for energy and fuel cost much money now.
Economy
Labor Market
Less people without work in September
Read nowIn Germany fewer people have no work again. The number falls under 3 million. Experts say: The economy recovers slowly.
Economy
Energy & Commodities
More oil from the Strait of Hormuz
Read nowMore oil flows through the Strait of Hormuz. Ships bring energy from the Persian Gulf to big tankers with help from the USA.
Economy
Companies & Markets
Bad mistakes at bank Julius Baer
Read nowThe Swiss office Finma checks bank Julius Baer. The bank makes big mistakes with money for Rene Benko. There are also problems with dirty money.