Volkswagen de Mexico S.A. de C.V. says its workers have agreed to cut their workweek from five to four days in exchange for preserving some 2,000 jobs. VW had threatened to trim 2,000 of the Puebla, Mexico, operation’s 9,800 unionized jobs due to slumping sales of its cars in that country. (See related story: Mexican Workers Protest VW Contract Demands) Under the deal, VW will operate the plant Monday-Thursday only. Worker with low seniority will see their wages cut more than 20%, while ...
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