Lkq and verdi reach new two-year collective bargaining agreement in germany

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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