Picture of Volkswagen AG logo

VOW3 — Volkswagen AG News Story

0.000.00%
de flag iconLast trade - 00:00
Consumer CyclicalsBalancedLarge CapValue Trap

Mexico urges Volkswagen, workers to resume talks after wage deal rejected (updated)

UPDATE 1-Mexico urges Volkswagen, workers to resume talks after wage deal rejected

Adds detail and context

- Mexico's labor ministry called on Friday on Volkswagen VOWG.DE and workers at its facility in the Mexican state of Puebla to resume talks following the rejection of a wage increase proposal.

Members of the Automakers' Union rejected a proposed 13.16% across-the-board wage increase valid for two years, the ministry said in a statement.

The assembly plant in Puebla is one of Volkswagen's biggest plants and a major export base for North America.

Volkswagen did not immediately respond to a Reuters request for comment.

Over 5,600 workers, representing 90.3% of the union's members, participated in a vote on the salary increase, with over 3,100 of them rejecting the proposal.

The ministry said that, together with the Federal Center for Conciliation, it would continue to support the workers at the assembly plant throughout this process, fostering dialogue and prioritizing a joint solution.



(Reporting by Aida Pelaez-Fernandez and Ana Isabel Martinez; Editing by Anthony Esposito and Susan Fenton)

((Aida.Pelaez-Fernandez@thomsonreuters.com;))

Recent news on Volkswagen AG

See all news