Volkswagen - 4.3% rise 


Around 110,000 workers at German carmaker Volkswagen will get a 4.3% pay increase on 1 May this year in a deal negotiated by Germany’s largest union, IG Metall. 


The pay rise is well above the current rate of inflation (1.4% in February) , although the deal is not backdated to the start date of 1 January and there is only a €100 one-off payment for the period without an increase. 


In the second year of the 27-month deal, there is an additional payment worth 27.5% of monthly earnings paid in August 2019. In some cases, if employees so wish, this can be converted in six extra days’ holiday. 


€1 = 87p on 22 March