Vestas shares weak on Friday: IG Metall and Vestas plan to start talks on Monday – strikes suspended

The union announced on Friday that it would therefore suspend the strikes at the company. The talks offer “an opportunity to put together a collective bargaining package that benefits the interests of the employees and Vestas as an employer,” explained IG Metall district manager Daniel Friedrich.

Vestas Germany Managing Director Nils de Baar said “the current economic situation is a major challenge for our entire industry and we still believe that a solution can be found without a collective agreement”. However, the strike situation has become a burden for many employees. Vestas can no longer accept that the workforce is further divided. “That’s why we decided to work with IG Metall on a solution.”

According to earlier information, 1,700 people work at Vestas Germany, 700 of them as fitters. For IG Metall, the dispute is a kind of pilot conflict in the wind power industry. The trade union has long complained that many suppliers, such as machine builders, are traditionally subject to the sectoral wage agreement in the metal and electrical industry. In the case of manufacturers and in the service sector, however, the wind industry has so far largely refused to accept binding tariff rules.

Vestas shares fell 2.91 percent to 205.10 Danish kroner on the OMX on Friday.

HAMBURG (dpa-AFX)

Selected leveraged products on Vestas Wind Systems ASWith knock-outs, speculative investors can participate disproportionately in price movements. Simply select the desired lever and we will show you suitable open-end products on Vestas Wind Systems AS

Leverage must be between 2 and 20

No data

More news about Vestas Wind Systems AS

Image sources: Bjoern Wylezich / Shutterstock.com

ttn-28