VW's Skoda Auto unions reject salary freeze as part of group savings

By Reuters News

PRAGUE, Oct 22 (Reuters) - Unions at Volkswagen's VOWG.DE Czech unit Skoda Auto will not accept a salary freeze until 2030 as part of measures the group plans to get the company on a sustainable track, a union newspaper said on Thursday.

  • Volkswagen plans to freeze salaries for its 660,000 staff worldwide until 2030, the group's works council said on Monday, confirming an earlier report by Sueddeutsche Zeitung.

  • OS KOVO unions at Skoda will not accept a freeze or zero bonuses, the union's chief Jaroslav Povsik told a meeting of union members, the newspaper Skodovacky odborar, published on Thursday, said.

  • Skoda, a key part of the Czech manufacturing industry with three plants and many suppliers, has been profitable with higher margins than some other VW brands.

  • Skoda Auto did not immediately respond to a request for comment.

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