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Volkswagen Group will be considering freezing wages by 2030

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 19/10/2026, 12:11:24 UTC.

Briefings

German automotive group Volkswagen is considering a global salary freeze for up to 600,000 employees until 2030 to offset restructuring costs, potentially causing a 10% loss in real income. This decision follows a 2024 announcement of 50,000 job cuts in Germany and a 100,000 job cut plan, with the company refusing to comment. The IG Metall union warns of global resistance, noting the freeze would add to existing cost reductions.

Key points

• Volkswagen plans to freeze salaries for up to 600,000 employees globally until 2030 to offset restructuring costs.
• The freeze would result in a 10% loss of real income for affected workers.

Context

Volkswagen, the largest European automotive group, announced in December 2024 a 50,000 job cut in Germany and a 100,000 job cut plan. The company aims to reduce costs beyond restructuring, with the freeze adding to these efforts.

Limitations

The article relies on internal documents accessed by Süddeutsche Zeitung via Efe, which may not be fully verified. The company refused to comment, and the union's assessment of the plan's feasibility is not confirmed by the source.

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