Volkswagen, IG Metall, and works council to meet on September 30 in Germany to review 2024 labor agreement

Volkswagen, IG Metall, and the works council will meet on September 30 in Hannover, Germany, to review the 2024 future tariff agreement. The meeting was triggered by workers' concerns that Volkswagen's intensified cost-cutting plans violate the agreement's promises of job security and investment. The 2024 agreement, reached after strikes, included wage concessions in exchange for a ban on compulsory redundancies and plant closures until 2030. Volkswagen argues that the measures are insufficient to achieve its nine percent operating margin target. The outcome could affect the company's transformation and labor relations.