Volkswagen

Volkswagen plans to cut a total of 100,000 jobs by 2030 and to save more than €5 billion in personnel costs; an additional 50,000 positions are to be eliminated, half of them in Germany. Pay increases were canceled and bonus payments reduced, so the annual total compensation for many production workers will be about €1,700 lower in 2026. A typical production worker currently earns roughly €4,500 net-equivalent plus allowances; starting salaries for bachelor and master graduates are about €5,300 and €5,600 respectively, while specialists can reach up to €7,700. IG Metall is demanding a 5 percent wage increase in the upcoming collective bargaining round; employee representatives stress that structural problems lie more with products, the pace of innovation and investments than with wages. » More on n-tv.de

Volkswagen will publish the sales figures for the third quarter of 2026 on Monday, 12 October at 11:00. The date is part of a weekly preview of numerous corporate and economic events running through 23 October. » More on finanzen.net

The Federal Financial Supervisory Authority (BaFin) has fined Volkswagen €1.2 million because the company published a market-relevant deviating forecast announced for 3 March 2023 in a press release rather than as an ad-hoc announcement. Volkswagen accepted the decision as part of a settlement but continues to assert that it fulfilled its obligations. The fine was already imposed on 1 October; the publication had then caused the share price to rise by more than ten percent. » More on n-tv.de