Mexican Media Brands
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.
#labor
Share
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%.
RELATED CONTENT
-
Denmark, 10 Other EU Members Urge Piston Ban
Denmark and 10 other member nations of the European Union have urged the region to allow them to end gasoline and diesel engine sales by 2030.
-
UPDATE: Unifor Ratifies GM Labor Pact by 86% Margin
Hourly workers at General Motors Co.’s CAMI assembly plant in Ingersoll, Ont., will vote today whether to accept an agreement to end a strike they began on Sept. 17.
-
GM Offers Buyouts to 18,000 Salaried Workers
General Motors Co. is launching a new round of buyouts for about 18,000 of its 50,000 white-collar employees in North America.