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VW Workers End 10-Day Strike in Brazil
Hourly workers at Volkswagen AG's factory in Sao Paulo, Brazil, ended a 10-day walkout on Friday after VW agreed to reinstate 800 laid-off employees, Reuters reports.
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Hourly workers at Volkswagen AG's factory in Sao Paulo, Brazil, ended a 10-day walkout on Friday after VW agreed to reinstate 800 laid-off employees, Reuters reports.
VW also offered a new labor agreement through 2019. The company says it will achieve targeted cost reductions with voluntary buyouts and cutbacks on the use of temporary workers.
The company's union says VW has agreed to replace last year's one-time bonuses with an annual wage increase equal to the inflation rate plus 1%.
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