Scandal-Hit VW Agrees to 4.8% Pay Hike For Workers
Auto maker Volkswagen and Germany’s industrial union have agreed on wage increases that will see pay rise 4.8 per cent by next year, the kind of deal that could help the 19-country euro zone raise inflation from current dangerously weak levels.
The company said Friday that workers would get 2.8 per cent more on Sept. 1 and then another 2.0 per cent on Aug. 1, 2017.
