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
-
Skilled-Trade Workers Reject GM Contract, Ratification in Limbo
The United Auto Workers union says its production workers ratified a new four-year labor contract with General Motors Co. by a 58% margin.
-
Cheerio Car Shows (?)
While there is all manner of consternation regarding Brexit in the U.K. and the E.U.—the issue of the Brits departing from the European Union—there is an exit of another sort that could conceivably be telling—a small clue, mind you, but a clue nonetheless—about the future of the automobile in the U.K.
-
VW, the Future & the End of “Conventional” Jobs
"In order to become a global provider of sustainable mobility, we are pressing ahead with future projects such as electromobility, digital connectivity and new mobility services, equipped with the necessary resolve and financing.”