Volkswagen&#39;s Mexican Workers Accept Pay Increase, Reforma Says
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Mexican union workers for Volkswagen AG, Europe&#39;s largest carmaker, accepted the company&#39;s offer for a 6.1 percent pay increase and will return to work today after going on strike Wednesday, Reforma newspaper said.
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Volkswagen AG, Europe&#39;s largest carmaker, wants German workers to agree to a two-year wage freeze to cut costs amid a stagnating market, dismissing a union demand for a 4 percent yearly raise.
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Nearly 1,500 workers at Volkswagen's largest factory in Brazil are accepting voluntary redundancy.
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Volkswagen AG workers demonstrated outside three factories during the latest round of talks between Europe&#39;s biggest carmaker and the union representing the company&#39;s German employees.
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Volkswagen strikes a deal with unions to extend the working week at six German plants without any increase in pay.
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Volkswagen  posted a nearly 50 percent gain in nine-month operating profit thanks to resurgent earnings at its core VW brand after the world's fourth largest carmaker cut thousands of job cuts last year.
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Volkswagen (VW) and its workers headed into crucial wage negotiations yesterday that will sorely test the tradition of labour-management co-operation at the car maker as it struggles
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Volkswagen AG, Europe's biggest automaker, said Friday it was open to labor union demands for job guarantees if employees agree to work longer for the same pay.
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Volkswagen AG, Europe&#39;s largest carmaker, wants German workers to agree to a two-year wage freeze to cut costs amid a stagnating market in place of the 4 percent yearly raise unions are demanding.
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Volkswagen, Europe's biggest car maker, has expressed optimism about prospects in its current business year after earnings rose sharply last year on cost-cutting and capital gains.
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Volkswagen workers in Braunschweig were among 15,000 who yesterday staged token stoppages across Germany over the group&#39;s demands for cuts in labour costs, including a two-year pay freeze.
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Volkswagen AG said Tuesday it has increased its stake in German truckmaker MAN AG to nearly 30 percent, a move that would give it a better say in guiding the company toward a friendly alliance with Swedish truckmaker Scania AB.
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HANOVER - Management at Volkswagen and union leaders Wednesday agreed to a 28-month pay freeze as part of plans by the giant German-based carmaker to drastically cut costs.
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Volkswagen, Europe's largest carmaker, becomes the latest German firm to try and update controversial labour agreements.
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Volkswagen AG has warned its German workers that more than 30,000 jobs could be lost if they don't agree to a pay freeze and other concessions, raising the stakes ahead of negotiations due to start next week.
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FRANKFURT Volkswagen and its workers entered a critical week in their wage negotiations Monday, with signs that a compromise was taking shape even as protests flared at factories across Germany.
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HANOVER, GERMANY -- Under pressure to cut costs and improve earnings, Volkswagen struck a far-reaching compromise with its workers Wednesday, winning a 28-month pay freeze and lower pay for new hires in return for a no-layoff guarantee until 2012.