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via rte.ieBusiness & Companies

VW plans to freeze salaries until 2030

FROM THE WIRE · RTE.IE

Volkswagen plans to freeze salaries for its 660,000 staff worldwide until 2030, the group's works council said today, confirming an earlier report by Sueddeutsche Zeitung.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA wage freeze for 660,000 staff may affect group costs, with an unclear effect on the share price.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Volkswagen plans to freeze salaries for its 660,000 staff worldwide until 2030.
  2. 02The group's works council confirmed the plan.
  3. 03The Sueddeutsche Zeitung had earlier reported the same plan.

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