Cars
Volkswagen AG and IG Metall union reached an agreement over a rise in pay for the company’s workers in Germany. As of September 1, 2013, base pay for employees covered by the collective bargaining agreement will increase by 3.4 percent, followed by a further rise of 2.2 percent from July 1, 2014, BusinessWeek reported.
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Cars
Volkswagen to Increase Pay for 102,000 German Workers by 5.7%
Volkswagen AG and IG Metall union reached an agreement over a rise in pay for the company’s workers in Germany. As of September 1, 2013, base pay for employees covered by the collective bargaining agreement will increase by 3.4 percent, followed by a further rise of 2.2 percent from July 1, 2014, BusinessWeek reported.
The German automaker also agreed to make an additional contribution to company pension arrangements. For employees covered by the collective bargaining agreement, the company will make a one-time payment of €300 to the company pension scheme. For apprentices and dual-study program students, Volkswagen will pay a monthly contribution of €27.
Read more »- Caw Makes Some Concessions Over New Contract With Detroit 3, Carmakers Still Undecided
Three days before the expiration of the ultimatum that the Canadian Auto workers’ union (CAW) has issued to GM, Ford and Chrysler, the union has made some concessions over the new contract in order to avert a simultaneous strike at all three carmakers'...
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Europe's largest automaker, Volkswagen, and Porsche announced today that they reached an agreement to merge their operations to create an integrated automotive group led by VW. Under the agreement, Volkswagen will buy a 42 percent stake in Porsche's...
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Now here’s a company that likes to share its profits with its people. And we’re not talking about a handful of white-collar workers but about thousands of employees. The Stuttgart-based company, which is considered as the world's most...
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