Market Chatter: Volkswagen Reaches New Labor Deal with Mexican Workers

07:41 AM EDT, 10/22/2026 (MT Newswires) -- Volkswagen (VOW.F, VOW3.F) has reached a new 12-month collective labor agreement with the staff at its plant in Puebla, Mexico, fending off a potential strike, Reuters reported Thursday. The contract, which remains subject to consultation and a union vote on Oct. 29, comprises an overall 8.24% pay hike for workers, including a 4.4% direct wage increase, a one-time payment, and a savings fund, the report said, citing union and company statements. German automaker Volkswagen did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)