FACTBOX-Volkswagen seven-point plan for wage talks

Newswire

FRANKFURT, Aug 23 (Reuters) - Volkswagen AG , Europe's biggest carmaker, unveiled a seven-point plan on Monday as the basis for closely-watched wage talks on a new contract for 103,000 staff at six plants in western Germany. The IG Metall metalworkers' union and the German carmaker's works council have demanded a 42 percent pay rise and sweeping job guarantees for around 10 years. The talks start on Sept. 15 and are due to wrap up by the end of October. Volkswagen wants to implement the ...

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