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volkswagen group is currently "abolishing" several labor agreements it has signed with six german factories, which means that the guarantee of this agreement will only last until the middle of next year, rather than 2029 as previously announced. the corporate group also stated that the volkswagen passenger car brand needs to achieve 10 billion euros in cost savings by 2026, and at the current rate, this goal is still not achievable.

gunnar kilian, director of volkswagen's labor department, said: "we must reduce volkswagen group's costs in germany to a competitive level in order to invest in new technologies and new products with our own resources." to ease workers' concerns, volkswagen group proposed to bring forward wage negotiations from mid-to-late october to this month.

according to daniela cavallo, president of the volkswagen group's labor union, if a new employee agreement cannot be reached by june 2025, the agreement reached before 1994 will take effect. according to reuters, this will lead to wage increases for employees at all six german factories, as well as christmas bonuses, additional holiday pay and higher overtime bonuses. the volkswagen labor union also added: "a compromise actually needs to be reached through negotiations. otherwise, volkswagen will be able to force layoffs starting in the summer of 2025, while the employees who stay will immediately face huge cost increases."