VW agrees pay deal in Mexico, averts strike

Newswire

MEXICO CITY, Aug 18 (Reuters) - The Mexican unit of German automaker Volkswagen AG agreed to a pay rise with its 11,000 unionized workers on Saturday and averted a weekend strike, the union said. Workers at the plant, the world's only producer of Volkswagen's New Beetle model, won a 5.5 percent increase in pay and benefits, lower than their 8.3 percent demand but above an initial company offer of 2.5 percent, said union leader Jose Luis Rodriguez. "We were able to increase (the ...

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