Volkswagen’s Mexico unit says strikes deal with union for 5.5% salary rise, Auto News, ET Auto

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The agreement was reached in "an environment of challenges, where the automotive industry struggles to keep its recovery going after more than a year of the coronavirus pandemic, and in the face of the semiconductor (chip) shortage," Volkswagen said. — The settlement was reached in “an setting of challenges, the place the automotive trade struggles to maintain its restoration going after greater than a yr of the coronavirus pandemic, and within the face of the semiconductor (chip) scarcity,” Volkswagen mentioned.

MEXICO CITY: Volkswagen AG’s Mexico unit mentioned on Wednesday that it had agreed with a staff’ union to a 5.5% wage enhance.

The take care of the Impartial Union of Volkswagen Automotive Trade Staff (SITIAVW), additionally included a 1% enhance to staff’ financial savings funds, the corporate mentioned in a press release.

The settlement was reached in “an setting of challenges, the place the automotive trade struggles to maintain its restoration going after greater than a yr of the coronavirus pandemic, and within the face of the semiconductor (chip) scarcity,” Volkswagen mentioned.

Volkswagen is one among a number of automakers, together with Normal Motors Co, Ford Motor Co and Toyota Motor Corp , that had been pressured to chop manufacturing this yr because of the scarcity of semiconductor chips, which was attributable to elements together with an increase in demand for digital units throughout the pandemic and a quick restoration in auto markets.

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Skoda Auto Volkswagen India managing director Gurpratap Boparai informed ET that regardless of pressures within the provide chain, the corporate has not had a no-production day, with the dad or mum making allocations for the India arm on a precedence foundation.

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