Absence of Reached Accord Between VW and IG Metall as Negotiations Continue
Absence of Reached Accord Between VW and IG Metall as Negotiations Continue
The Volkswagen and IG Metall negotiations regarding the automaker's future and its 130,000 German employees have been ongoing since Monday, with no indications of a resolution as of yet. Despite overnight sessions, an agreement is still elusive. As reported this morning, the talks continue, showing no signs of wrapping up soon. The negotiations have proven to be tough, with approximately 35 hours spent in discussions so far.
On Tuesday, both parties convened at 10 am and negotiated throughout the night. The day before, they had been at it for 13 hours, taking a break only after midnight.
The current round of negotiations, which could potentially seal the deal, initiated on Monday morning. In Hanover, around 70 company and IG Metall representatives met for their fifth consultation. They aim to reach a consensus before Christmas, or risk strikes commencing as early as January.
Volkswagen is insisting on a 10% wage reduction due to its current financial struggles. The possibility of plant closures and workforce reductions still hangs in the balance. IG Metall, however, is holding firm in its demands for the preservation of all facilities and job security for employees. It unequivocally opposes permanent salary cuts.
The main topic of discussion during these negotiations is the Manufacture of motor vehicles, specifically affecting Volkswagen's German employees. Despite the hours spent in discussions, seeking a compromise between Volkswagen's cost-cutting measures and IG Metall's job security concerns remains challenging.