Volkswagen

The corporate board has instructed the HR heads worldwide to "zero-rounds until 2030", i.e., to freeze the current tariff level and suspend any wage increases.— IG Metall, in response to the Süddeutsche Zeitung report about VW's pay freeze

We are witnessing a turning point.

— Marc Henrichmann (CDU), chair of the Bundestag's Intelligence Oversight Committee, told Handelsblatt.

The management board has instructed the worldwide HR managers to zero rounds until 2030, i.e., to freeze the current tariff level and suspend any wage increases.

— Statement attributed to the Volkswagen Management Board in IG Metall's release

The move is 'disrespectful toward its own employees,' he told Deutschlandfunk. At the same time, it would be 'irresponsible toward the company itself' to spark a conflict that VW cannot afford.

— Thorsten Gröger, IG Metall district leader, in an interview with Deutschlandfunk

That is an ugly foul on the workforce and, once again, a shameless attempt to reach into the employees' pockets.

— IG Metall, in response to VW's termination of tariff agreements

This is a dirty foul on the workforce and, once again, a shameless attempt to reach into the employees' pockets.

— Thorsten Gröger, head of IG Metall in Lower Saxony, commenting on VW's termination of tariff agreements

Managers in China who lay off staff can basically kiss their careers goodbye.

— Thomas Luk, independent automotive consultant based in Germany and China (as quoted in Handelsblatt)

The market environment in China remains consistently challenging.

— Explained by Porsche in a company statement.