Volkswagen to restart IG Metall talks on 24 November as operating profit falls to €8.9 billion
By Eve
Volkswagen Group will begin negotiations with IG Metall on 24 November 2026 after terminating wage provisions covering more than 100,000 workers at its German factories on 30 September 2026. The company's operating profit dropped from €22.6 billion in 2023 to €8.9 billion in 2025, prompting plans to close up to four German plants, cut 50,000 domestic jobs and 100,000 globally over four years. Volkswagen expects its austerity measures to deliver €20 billion in savings across its value chain by 2030 and reduce overhead costs by €11 billion.
Why it matters
Major restructuring at Europe's largest carmaker could reshape procurement priorities and supplier relationships as Volkswagen halves its model range and consolidates production. The labour dispute follows a similar 2024 standoff that led to 35,000 job cuts, signalling potential disruption to manufacturing capacity and capital allocation for electrification projects.
Source
- Original title
- “Volkswagen Negotiations With IG Metall To Begin November 24, Audi Factory In US Rumored”
- Published
- 25 October 2026
- Updated
- 26 October 2026
In this story
- Topic
- Electric Vehicles
- Places
- Germany · United States
- Tags
- Volkswagen · Audi · IG Metall
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