VW crisis: Labour groups propose wage cuts - electrive.com
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The next round of collective bargaining talks at Volkswagen is scheduled for Thursday. The works council and IG Metall trade union announced that they will propose a salary cut, among other things, to reduce costs, prevent redundancies, and subsequent plant closures.
  • macniel@feddit.orgEnglish
    6·
    4 days ago

    Rather cutting salaries from the workers perhaps cut the bonuses from the Missmanagement?

      • Melchior@feddit.orgEnglish
        3·
        4 days ago

        Read a bit closer, this is not a wage cut, it is raising wages, but using a bit of financial trickery and an amazing spin to sell it as wage cuts.

  • Ooops@feddit.orgEnglish
    4·
    4 days ago

    I’m all for talking about wage cuts…

    After we had an honest talk about why they should be neccessary: Because of VW’s claims that they can’t afford ~3 billion in needed investments over the coming years. That’s after staunchly refusing to produce for a market with actual demand and instead focussing on some small “but profit margins per car are so much better”-luxury segment exclusively, after losing ~30 billions with their emission scandal not that long ago, and after none-the-less paying out the record amount of 4.5 billion in dividends just a few months ago. But I guess some more crying about Germany’s high energy prices (that are actually down to completely normal levels and been like this for more than a year at least) hurting the ecomony will totally solve their problem…

  • Melchior@feddit.orgEnglish
    3·
    4 days ago

    That must be the best framing ever. The union proposes a raise in wages, but in form of a work time fund, which then can be used to actually work less or be paid out at a later date. They then manage to spin it into a wage cut.