VW offers 14% wage hike over four years to Tennessee factory workers
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Volkswagen is offering a 14% wage increase over four years and profit sharing to its newly unionized workers at its Tennessee assembly plant.
December 11, 2024 | 9:45 pm
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NEUTRAL IMPACT
Volkswagen is providing a 14% wage increase and profit sharing to its Tennessee plant workers, which may impact labor costs and profitability.
The wage increase and profit sharing could lead to higher labor costs for Volkswagen, potentially affecting its profitability. However, the impact on the stock price may be neutral in the short term as the increase is spread over four years.
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