Volkswagen workers threaten strikes unless carmaker reverses labour deal cancellations

By Reuters News

FRANKFURT, Oct 23 (Reuters) - Labour leaders on Friday threatened strikes at Volkswagen VOWG.DE from January unless it reverses the recent cancellation of several wage deals by the end of October, making a full-escalation of labour disputes at Europe's top automaker more likely.

Thorsten Groeger of trade union IG Metall said unions would prepare for "industrial action" - a term usually covering strikes - unless Volkswagen rows back.

A truce that rules out strikes at the automaker expires on January 1, 2027.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.