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thousands of people on the streets – EADaily, November 24, 2024 – Economic news, European news

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thousands of people on the streets – EADaily, November 24, 2024 – Economic news, European news

The German union members of the Volkswagen group are not inferior to the company representatives. A protest rally took place in Wolfsburg, Germany, bringing together several thousand people protesting against the closure of the automobile giant’s factories.

According to the Frankfurter Allgemeine Zeitung newspaper, another protest demonstration by representatives of the IG Metall unions took place on Thursday, November 21. About 7 thousand people, employees of the Volkswagen consortium, gathered in Wolfsburg to express their discontent after the next round of negotiations with the company’s management. Union activists have already announced that new demonstrations will take place in December.

Unions were due to offer €1.5bn in savings by scrapping bonuses for 2025 and 2026 and transferring pay rises to a solidarity fund, but this will only come into effect if the necessary job cuts are made. In return, employees expect Volkswagen officials to create new job security. The previous one, created in 1994, has already been liquidated.

“This is the last chance for Volkswagen to find a good solution before the peace commitments expire.” – declared Thorsten Gregerhead of the IG Metall union, quoted in German media.

If the situation does not improve, employees go on warning strikes.

EADaily Remember that Volkswagen plans to close at least three factories in Germany and cut salaries by 10%, as well as lay off tens of thousands of its employees.

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