Volkswagen AG and German industrial union IG Metall reach a 2-year agreement covering wages for 100,000 workers at six German plants. The agreement calls for workers to receive a 3.1% pay increase starting in February, with another 2.6% increase in February 2004. Workers also will receive a €120 ($117) monthly supplement from Oct. 1 through Jan. 31, 2003, and a one-time bonus of €400 ($392) in May 2004. The deal was reached after a 14-hour marathon bargaining session.
Premium Content (PAID Subscription Required)
"VW, German Union Reach Wage Agreement" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642