In high-wage Germany, Volkswagen's labour costs outstrip the competition
- Posted on November 20, 2024
- By Business News Today
- 1 Views
In high-wage Germany, Volkswagen's labour costs outstrip the competition
Volkswagen faces pressure to reduce labor costs in Germany as they exceed those of rivals like BMW and Mercedes-Benz. While unions demand a 7% pay rise, the company, grappling with high production costs and competition from cheaper Chinese models, proposes a 10% cut. Negotiations are set to begin as Volkswagen aims to improve its competitiveness.