VW plans to freeze wages
Photo: Jens Meyer AP/TT

VW plans to freeze wages through 2030 for up to 600,000 employees, report says

German carmaker Volkswagen (VW) wants to freeze wages through 2030 for up to 600,000 employees worldwide, the Süddeutsche Zeitung reports, citing internal VW documents.

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The pay freeze would be one of several measures in VW's major restructuring plan, which also includes reduced benefits and staff cuts.

According to the newspaper, the instructions now being sent to those responsible for operations around the world apply to all car brands in the VW Group.

In September, VW sharply lowered its forecast and announced plans to restructure its operations and cut 100,000 jobs, around 15 percent of the group's global workforce.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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