TTAC’s Headline Decoder: Pay Raise At Volkswagen A Non-Event

According to media reports, Volkswagen workers received a hefty, inflation-busting pay rise today, giving the impression that VW workers are being especially coddled. Not true. Metal workers in  all of Germany received a 5.6 percent raise in May (3.4 percent more from July on, followed by 2.2 percent starting in May 2014, to be exact.) Volkswagen workers received more or less the same. Volkswagen workers have their own "Haustarif" which has to be separately negotiated. Today, nearly 100,000 Volkswagen employees in Germany received their own deal. It mirrors the pay hike negotiated by the Metal Worker Union in May, plus €300 to be paid into the pension plan. In exchange for the €300, Volkswagen workers have to wait two months longer for a raise, which kicks in in September. No big shakes, never mind the headlines. from The Truth About Cars http://www.thetruthaboutcars.com

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