Volkswagen reaches pay deal at Auto 5000 division

Newswire

FRANKFURT, June 30 (Reuters) - Volkswagen has reached a wage accord for around 3,800 staff who work for its Auto 5000 division, which makes the Touran van, Europe's biggest carmaker said on Friday. The deal calls for an annual 3 percent pay rise as of July 1 plus a one-off payment of 310 euros for the months of April, May and June, it said in a statement. It also increases profit-sharing for staff.

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