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IG Metall has initiated nationwide warning strikes at Volkswagen, with around 66,000 employees participating to protest against proposed pay cuts and potential plant closures. The union demands job security and a halt to cost-cutting measures, threatening further escalation if negotiations do not improve. Despite the strikes, VW reported limited production impact, but experts warn that prolonged disputes could harm the company's reputation.
After 18 hours of negotiations, IG Metall announced a pay increase for 3.9 million employees in the German metal and electrical industry, averaging 5.5% over two years. Wages will rise by 2% on April 1, 2025, followed by an additional 3.1% a year later, along with a one-off payment of 600 euros by February 2025. The collective agreement spans 25 months, with training allowances increasing by 140 euros per month starting January 2025.
IG Metall has secured a 5.5% wage increase for 3.9 million employees in the German metal and electrical industry over the next two years, with a 2% rise effective April 1, 2025, followed by 3.1% a year later. Additionally, workers will receive a one-off payment of 600 euros by February 2025. The agreement reflects a shift towards job security amid economic challenges in the sector.
Daniel Friedrich
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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