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It is not clear how long it will take Boeing to get back to pre-strike production levels, although the strike is widely expected to delay to 2025 a year-end rate target of 38 jets per month. Many Boeing workers say it does not make up for a decade during which their wages lagged inflation and the loss of a defined-salary pension.
Volkswagen also plans to cut salaries at the brand by at least 10% and freeze pay in both 2025 and 2026, Cavallo said. This is really about all our livelihoods for the future, about the suppliers. Scholz trails in the polls with federal elections due next year. This is about every small baker here at this location.
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