COMP NEWS – Volkswagen is providing a substantial pay raise for workers at its Chattanooga, TN assembly plant.

Volkswagen is providing an 11% pay raise for production workers at the automaker’s Chattanooga assembly plant, the company announced Wednesday.

The pay hike is effective starting in December, and a compressed wage progression timeline begins in February, the company said in a statement.

“Volkswagen of America annually evaluates compensation for our production team members at the end of the year to ensure we continue to offer a competitive and robust compensation package designed to attract and motivate employees who make our daily operations possible at the plant,” the automaker said.

The 11% raise will come immediately and in full, according to VW. Starting wages at the plant are now $23.42 an hour, rising to a maximum of $32.40, the company said.

The compressed wage progression means employees can go from starting wages to topped out wages in a shorter timeline, according to the automaker.

To read more about how employers are planning to temper compensation increases in 2024, click here.

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