The fifth day of negotiations has begun in the VW collective bargaining round.
The talks between the car manufacturer and the IG Metall union lasted until midnight on Thursday, according to participants. It was initially unclear when the negotiations in Hanover would continue.
Criticism came from IG Metall on Thursday evening: “The negotiation process is particularly problematic in the internal processes of the employer side.” Basically, both sides are on a constructive path and have agreed on a number of points. “But there is still disagreement on some key issues on which the negotiation could still fail.”
Negotiations have been going on for more than 64 hours
There is talk of tough negotiations among participants. In total, the discussions now last more than 64 hours. According to the union, this is the longest collective bargaining round ever at Volkswagen. A possible conclusion is not expected until today at the earliest. A failure of the talks cannot be ruled out.
Since Monday, representatives from Volkswagen and IG Metall have been struggling to find a solution to the dispute over wage cuts, plant closures and layoffs. Both sides had previously expressed the desire to reach an agreement before Christmas. Around 70 company and union representatives have stayed in a hotel in Hanover for what is now the fifth round of collective bargaining.
In XETRA trading, VW shares temporarily lost 0.34 percent to 87.02 euros.
HANOVER (dpa-AFX)
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