Volkswagen: "Salary freeze until 2030" - VW considers global zero-rounds
The automotive group plans to impose a halt on wage growth for its 660,000 employees. In Germany, promotions and reclassifications are currently also suspended.
Volkswagen plans to freeze employee salaries globally until 2030 at 2026 levels, according to internal documents. The move, confirmed by the global works council, would affect over 660,000 employees and may lead to a 10% loss in purchasing power by 2030. The company has instructed personnel managers not to plan for contractual wage increases, and bonuses and special benefits may also be cut.
The works council has criticized the plan, citing concerns that it may not be feasible to implement uniformly across different countries and locations.
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.
