Volkswagen and the IG Metall union have worked together to come up with an agreement that will give the automaker’s German workers a 4.3 per cent pay increase over the next 13 months. This agreement mirrors in many ways the recent contract signed between VW and the union representing the nation’s industry-wide engineering employees.
This brand new pay rise will begin June 1 and impact more than 100,000 workers in the country. The agreement also allows for the hiring of 3,000 temporary workers and the taking on of 175 trainees annually. The agreement was made following negotiations that lasted all night.
Some industry observers are concerned that these raises will in no way help Volkswagen deal with the troubles being produced by the imploding European economies.