Volkswagen Negotiations With IG Metall To Begin November 24, Audi Factory In US Rumored
Volkswagen Group is undergoing cost restructuring amid a sharp drop in operating profit from €22.6 billion in 2023 to €8.9 billion in 2025, with further declines expected. The company has excess factory capacity in Germany and is beginning negotiations with the metalworkers union IG Metall on November 24. Reports also suggest exploration of an Audi production facility in the US.
Key points
- VW profit declined from €22.6B (2023) to €8.9B (2025), potentially halving again by 2026
- Negotiations with IG Metall labor union starting November 24 to address cost structure
- Company has excess manufacturing capacity in Germany; potential US Audi factory under consideration
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