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02/21/18
Wolfsburg
Company

Volkswagen and IG Metall successfully conclude pay negotiations

  • Pay to rise by 4.3 percent from May 2018
  • From 2019, additional annual payment of 27.5 percent of a month's salary, which may be converted into six days of leave
  • Company pension scheme to be significantly improved
  • Changes in project working time arrangements

Volkswagen and IG Metall brought their negotiations on the company collective agreement to a successful conclusion in Hanover on Tuesday night. Base pay for employees covered by the collective agreement is to be increased by 4.3 percent effective May 1, 2018. In addition, employees are to receive a one-off payment of €100 for the months from February to April 2018. An additional annual payment of 27.5 percent of a month's salary from August 2019, which may be converted into six days of leave by special groups of employees, has also been introduced. From July 2019, a monthly payment of €90 is to be made to the company pension scheme; from January 2020, the figure will rise of to €98. In future, project working time arrangements are to be changed. The collective agreement has a term of 27 months.

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