Deep Read: "The executives are driving the industry full throttle into the wall and committing hit-and-run"
On its nationwide day of action, IG Metall is challenging the management of the automotive industry. The union is resisting job cuts - and is calling for investments.
The IG Metall union staged protests at around 200 locations across Germany, including outside auto manufacturers and suppliers in Wolfsburg, Hannover, Ingolstadt, and Stuttgart. The demonstrations, led by IG Metall chairwoman Christiane Benner, were against industry austerity measures under the slogan "Future instead of cuts". The protests coincide with the start of collective bargaining for 3.7 million workers in the metal and electrical industries, with many employed in the auto sector.
The industry is struggling with the transition to electric mobility, with Volkswagen, BMW, and Mercedes reporting a 20% drop in profits to 13 billion euros in the first half of the year. Volkswagen plans to cut up to 75,000 jobs in Germany, while thousands of positions are at risk at BMW and Mercedes.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
