Volkswagen Strikes Wage Deal With Union – Wall Street Journal

FRANKFURT—Volkswagen AG said it has reached a wage agreement with the labor union representing around 120,000 of its workers in Germany, which is in line with union agreements in the region.

The company will pay a total 4.8% wage increase staggered in two phases, coming close to the union’s demand for a pay rise of around 5%. The wage pact is…


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