LKQ and Verdi Reach New Two-Year Collective Bargaining Agreement in Germany

June 21, 2024

https://www.globenewswire.com/news-release/2024/06/21/2902319/8053/en/LKQ-and-Verdi-Reach-New-Two-Year-Collective-Bargaining-Agreement-in-Germany.html

CHICAGO, June 21, 2024 (GLOBE NEWSWIRE) — LKQ Corporation (Nasdaq:LKQ) today announced that a new collective bargaining agreement has been agreed with the trade union Verdi. The agreement covers approximately 5,000 employees of LKQ Europe in Germany, including 730 colleagues at LKQ’s Sulzbach-Rosenberg distribution center. The collective bargaining agreement has a two-year duration, which expires on April 30, 2026. The tariff agreement includes a mandatory peace obligation, which immediately ends all strike activity throughout the term of the agreement.

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