Volkswagen Starts Pay Negotiations With German Union

12/11/17 08:35 AM EST
   By Max Bernhard 

Volkswagen AG (VOW.XE) said Monday it opposed IG Metall's demands in its first meeting with representatives from the union to negotiate pay.

"We have received the demands of IG Metall, explained our opposition to the trade union representatives and offered to develop a solution together," said Martin Rosik, chief negotiator and head of human resources of the Volkswagen brand.

A reasonable pay settlement is "more important than ever before," Mr. Rosik said, citing challenges facing the car maker, including digitalization and a shift to e-mobility.

Negotiations are expected to continue on Thursday, Jan. 11, 2018.


Write to Max Bernhard at; @mxbernhard


(END) Dow Jones Newswires

December 11, 2017 08:35 ET (13:35 GMT)

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