MADRID – Ford and PSA Peugeot Citroen seal new agreements with workers at key factories here that cut starting wages in return for the promise of new jobs. Ford’s deal covers 2014-2018 at its Almussafes plant near Valencia and calls for a significant €2,000 ($2,600) reduction in annual salary and work-rule changes. It was approved by two of the plant’s unions, the UGT and CCOO, and rejected by two others, the CGT and STM. Some 68.6% of the 4,179 workers who voted ...

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