Volkswagen agrees to labor talks. Volkswagen stock gains 1.35 percent

Published on 10/28/2026 at 11:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Volkswagen plans labor talks in Emden on November 24, 2026. Volkswagen stock costs EUR 69.73 on October 28, 2026, 1.35 percent above Xetra close.

Workforce plan and trading context

Volkswagen agreed on October 23, 2026, to negotiate an additional 12,000 job reductions by 2030.
The Future Plan 2030 includes EUR 20 billion in value-chain savings and EUR 11 billion in overhead reductions.
Volkswagen stock traded at EUR 69.73 at 11:00 a.m. CET at Lang & Schwarz on October 28, 2026, 1.35 percent above the Xetra close of October 27, 2026.

Volkswagen AG, DE0007664039, Illustration mit AI erstellt.

Volkswagen AG (ISIN DE0007664039) agreed on October 23, 2026, to open collective bargaining talks with IG Metall on November 24, with the company seeking faster labor-cost reductions, according to a Volkswagen Group release. Volkswagen stock traded at EUR 69.73 at Lang & Schwarz at 11:00 a.m. CET on October 28, 2026, 1.35 percent above the Xetra close of October 27, 2026.

Labor talks carry a wider cost plan

The negotiations will begin at Volkswagen's Emden site and continue on December 15, 2026, in Zwickau. The company says the talks must address competitive labor costs, voluntary departures and publicly funded transfer companies, while the Future Collective Bargaining Agreement and its job-security provisions remain in place, the Volkswagen Group said on October 23, 2026.

The company links the talks to its Future Plan 2030. The plan includes an additional reduction of 12,000 positions at Volkswagen AG by 2030, alongside more than 35,000 job reductions already agreed for German Volkswagen sites by 2030, according to the same release.

What does the plan mean for costs?

Volkswagen's stated cost ambition extends beyond labor. The company says its Operational Excellence initiative aims to reduce costs across the value chain by EUR 20 billion by 2030, with a further EUR 11 billion reduction in overhead costs planned. That makes the November talks part of a broader restructuring program rather than a stand-alone wage dispute.

Two dates define the next step

The first collective bargaining round is scheduled for November 24, 2026, in Emden, followed by a second session on December 15, 2026, in Zwickau. The company has not set out the final measures, so the negotiations will determine how the additional workforce reduction and cost savings are implemented.

Stock trades above the Xetra close

At Lang & Schwarz, Volkswagen stock was trading at EUR 69.73 on October 28, 2026 at 11:00 a.m. CET. This was 1.35 percent above the Xetra close of October 27, 2026, at EUR 68.80. The price response gives the labor talks a measurable market backdrop, but the next substantive test will come from the company's nine-month results scheduled for October 29, 2026.

The further course of trading is shown by the continuously updated real-time quote of Volkswagen stock.