Volkswagen has agreed to pay its employees in Germany a more than $3,000 bonus to help offset soaring inflation as part of a new deal with the country’s largest labor union
BERLIN— Volkswagen AG has agreed to pay its employees in Germany a more than $3,000 bonus to help offset soaring inflation as part of a new deal with the country’s largest labor union to lift workers’ wages.
The car maker said Wednesday that it had agreed to a collective bargaining agreement with Germany’s IG Metall union covering 125,000 employees in the country. The two-year wage contract will increase workers’ pay in two stages, by 5.2% in June 2023 and by 3.3% in May 2024.
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