IG Metall calls Volkswagen wage deal terminations a 'gross foul'

By Reuters News

- German trade union IG Metall said on Wednesday that Volkswagen's VOWG.DE termination of several collective bargaining agreements amounts to a "gross foul" that would not be accepted.

The carmaker said earlier it had triggered the review clause in its future wage agreement with IG Metall and would terminate various agreements with effect from December 31, 2026, to secure room for staff reductions.

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk