VW to demand pay-freeze from staff-source

Newswire

HAMBURG, Germany, Aug 21 (Reuters) - Europe's biggest carmaker Volkswagen AG will demand a pay-freeze of at least one year from its workers when wage talks with unions begin next month, a company source told Reuters on Saturday. "Pay should remain frozen for at least one year to achieve the planned 30 percent cut in personnel costs over the medium term," the source said. Volkswagen declined to comment ahead of a news conference on Monday to detail its negotiating stance. Its personnel ...

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