Volkswagen recently reported a dismal third quarter and now they’re looking at their workforce to help pick up the slack. This will likely go over like a lead balloon as they’re effectively telling the IG Metall union to get lost.
According to the automaker, the union wants a 7% pay increase as well as the reinstatement of recently terminated agreements without modification. Volkswagen said they can’t do this due to the “economic crisis in the automotive industry” and went a step further by asking for a 10% pay cut. The company said the move would give them the “means to make future investments” as well as safeguard jobs.
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