Good Morning from Germany, where the carmaker VW has played a pivotal role in the country's econ rise. The wages at key VW locations highlight how significant its impact on prosperity has been. Acc to the 2023 annual report, nearly 299,000 people were employed by VW in Germany at the end of the year. This represents about 0.9% of all employees in the country who are subject to social insurance contributions, out of a total of 34.7mln. No other industrial company in Germany employs as many people. For comparison, BASF, a global chemical giant, employed 112,000 people in Germany at the same time, with most of them based at its Ludwigshafen site.
