TTAC's Headline Decoder: Pay Raise At Volkswagen A Non-Event
According to media reports, Volkswagen workers received a hefty, inflation-busting pay rise today, giving the impression that VW workers are being especially coddled. Not true. Metal workers in all of Germany received a 5.6 percent raise in May (3.4 percent more from July on, followed by 2.2 percent starting in May 2014, to be exact.) Volkswagen workers received more or less the same.
Volkswagen workers have their own “Haustarif” which has to be separately negotiated. Today, nearly 100,000 Volkswagen employees in Germany received their own deal. It mirrors the pay hike negotiated by the Metal Worker Union in May, plus €300 to be paid into the pension plan. In exchange for the €300, Volkswagen workers have to wait two months longer for a raise, which kicks in in September. No big shakes, never mind the headlines.
Bertel Schmitt comes back to journalism after taking a 35 year break in advertising and marketing. He ran and owned advertising agencies in Duesseldorf, Germany, and New York City. Volkswagen A.G. was Bertel's most important corporate account. Schmitt's advertising and marketing career touched many corners of the industry with a special focus on automotive products and services. Since 2004, he lives in Japan and China with his wife <a href="http://www.tomokoandbertel.com"> Tomoko </a>. Bertel Schmitt is a founding board member of the <a href="http://www.offshoresuperseries.com"> Offshore Super Series </a>, an American offshore powerboat racing organization. He is co-owner of the racing team Typhoon.
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In the area of "nothing remotely resembling a constructive comment," that's a mighty-cute blond VW's managed to employ on the assembly line.
I'm commenting because I felt sad that this story had only one comment. Now it's two. Another non.event, eh?
Well good for them, its nice to see somebody get an actual pay raise instead of a COLA or something laughably called a pay raise when it doesn't even break even with inflation.
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