Volkswagen's High Labour Costs
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German unionsReuters
•Exclusive-In high-wage Germany, VW's labour costs outstrip the competition
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 ).
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