Volkswagen to freeze employee salaries until 2030

The German Volkswagen Group plans to freeze the salaries of around 660,000 employees worldwide until 2030, according to a statement from the workers' council. This move faces strong resistance from the workers, who see it as an unrealistic plan by the company's management. These plans are part of ongoing restructuring efforts aimed at reducing costs, with expectations that employees' real income will decline by about 10% due to inflation, resulting from stagnant wages and reduced benefits. The union emphasizes that any changes to wages must be negotiated, while the company has so far declined to comment on the rumors, amid escalating tensions between management and employee representatives.

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