IG Metall Chief Urges VW Management to Lead by Example with Pay Cuts

As Volkswagen faces financial strain, calls intensify for executive pay reductions amid proposed worker salary cuts.

Volkswagen is considering closing several plants and cutting wages by 10% as part of its response to ongoing financial difficulties.
IG Metall leader Christiane Benner has requested that Volkswagen executives voluntarily reduce their salaries before imposing cuts on workers.
Benner criticized the disparity between proposed worker sacrifices and the high earnings of VW's CEO, Oliver Blume.
Volkswagen has ended a longstanding job security policy, potentially allowing for layoffs and plant closures, affecting thousands of employees.
Benner emphasized the need for a clear future strategy from VW's management to address structural issues and ensure plant utilization.