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Reuters

Reuters

Exclusive-In high-wage Germany, VW's labour costs outstrip the competition

Reuters
Summary
Nutrition label

79% Informative

The data underscores the company's challenge to remain competitive in its pricey home market.

Management will start negotiations with unions representing roughly 120,000 German workers on Thursday .

Unions are demanding a 7% pay rise, while Volkswagen is threatening a 10% cut.

The proportion of revenue spent on labour at Volkswagen globally has fallen from 18.2% in 2020 to 15.4% in 2023 .

($ 1 = 0.9451 euros) (Reporting by Victoria Waldersee in Berlin and Christoph Steitz in Frankfurt . Editing by Josephine Mason and Mark Potter ).

VR Score

90

Informative language

97

Neutral language

59

Article tone

formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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