LKQ Corporation 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.