21.06.2024 18:10:03 - dpa-AFX: German Industrial Union Reportedly To Negotiate For 7% Pay Hike From Volkswagen
WOLFSBURG (dpa-AFX) - German industrial union IG Metal will negotiate a pay
rise of 7 percent over a 12-month period from Volkswagen AG (VWAGY.PK).
According to Reuters, the discussion that might start in October will benefit
around 120,000 workers across the auto maker's company sites in Lower Saxony and
Saxony Anhalt states.
Earlier, the union urged its members to demand a 7 percent raise from mechanical
engineering sector, excluding Volkswagen.
Currently, Volkswagen's stock is moving down 0.58 percent, to $12.04 on the OTC
Markets.
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