The social season is starting at full speed. In late August, Volkswagen CEO Oliver Blume began a series of meetings with the group’s German employees. The goal is to prepare minds for the implementation of radical measures announced last July. On Tuesday, August 25, Mr. Blume outlined a still vague restructuring plan before more than 10,000 workers at the main Wolfsburg plant. According to him, Germany should bear half of the adjustments required to turn the group around. In early July, Volkswa
…Germany: a high-tension start to the social and political year
The German government must finalize its major reforms (pension funding, corporate competitiveness, and labor law) while the chancellor’s popularity hits an all-time low and three regional elections could end in a triumph for the far right. At the same time, deep planned cuts at Volkswagen and the start of collective bargaining in the metalworking sector in early October place the preservation of industrial jobs front and center this autumn.
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