US news – Volkswagen announced an 11% salary hike for production workers | Forexlive
ICYMI – Volkswagen will hike salaries for production workers at its US Tennessee-based Chattanooga assembly plant by 11%.
The move comes in the wake of the United Auto Workers union hammering out deals for significant pay and benefit hikes from the Detroit Three automakers.
Other non-union automakers in the US have since come under increased pressure to improve pay and benefits.
Honda and Toyota have raised wages for non-union U.S. factory workers, as has Hyundai.
The news hit just prior to the Thanksgiving holiday. and points to inflation in the US may taking longer to come to target.