Tesla's management in Germany late last week informed 11,000 workers they will receive a 4 per cent wage raise effective in November, The Wall Street Journal reported on Sunday, where unions have previously said they earn below the industry average. The U.S. electric maker will also pay a 1,500 euro ($1,609) bonus in December to offset inflation and from February raise annual wages by an additional 2,500 euros for the German workers, the people familiar with the matter told to Journal. In October, Tesla said it would inform its staff this month of the level of the pay rise, adding it raised wages by 6 per cent last year. German union IG Metall has previously said that Tesla wages were around 20 per cent below those offered under the collective bargaining agreement. Tesla and IG Metall did not immediately respond to Reuters' request for comment.

Source: Wall Street Journal November 06, 2023 08:44 UTC