Group leadership: VW CFO dampens expectations of high tariff plus

VW CFO Arno Antlitz has indirectly dampened expectations of high wage increases in the forthcoming negotiations on the automaker's in-house wage agreement. "The employees are already benefiting from our good operating results. This should be taken into account," said the manager on Thursday. According to Antlitz, a large part of the inflation is not permanent, but rather a temporary phenomenon: "There is also a lot of temporary inflation." In addition, he kept a low profile on wage policy and referred to the responsibility of Human Resources Manager Gunnar Kilian and the start of talks in the fall.