Update 5: Volkswagen, German Union OK Pay Freeze
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Germany&#39;s biggest industrial union agreed to a 28-month pay freeze in a deal Wednesday with automaker Volkswagen, receiving in return a guarantee that there will be no layoffs before 2011, the chief union negotiator said Wednesday.
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FRANKFURT -- Automaker Volkswagen AG said yesterday there is ''no room&quot; for wage increases as it prepares for pay talks with Germany's largest industrial union, and detailed proposals to trim labor costs by cutting paid breaks and increasing flexible working time.
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Struggling German retailer KarstadtQuelle on Thursday agreed with employee representatives on a cost-cutting plan that will include eliminating some 5,500 jobs, or 12 percent of its work force, and a three-year pay freeze.
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FRANKFURT Representatives of Volkswagen and its labor union faced off across a table Wednesday, opening a round of negotiations that will be closely watched here as a test of how long German workers can preserve their privileged place in the global auto
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FRANKFURT  - Around 15,000 workers at German car giant Volkswagen walked off the job in warning strikes aimed at turning up the pressure on management in deadlocked wage talks.
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BERLIN Volkswagen and Germany's biggest industrial union have resumed a new round of wage talks -- the fifth so far.
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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 workers staged a new round of brief stoppages early Monday, keeping up pressure on the automaker ahead of wage talks in which the company is sticking to a demand for a two-year pay freeze.
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A deal seems to be taking shape in wage talks between Volkswagen and the IG Metall metalworkers union, the head of the works council at Europe&#39;s biggest carmaker said Wednesday.
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Around 3,200 workers at Volkswagen's   VOWG.DE core VW business in Germany have accepted voluntary   redundancy packages that Europe's biggest carmaker is offering   to prune labor costs, the company said on Wednesday.
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Volkswagen VOWG.DE and its German   workers union are set to resume critical talks over planned   wage cuts on Friday, overshadowed by a threat from its   influential works council chief to break off the talks if no   immediate progress is made.
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Negotiators from Volkswagen and the IG Metall industrial union headed into a fifth round of wage talks Thursday, with the union threatening to launch a flurry of short warning strikes if it doesn&#39;t get the job guarantees and wage increases it&#39;s demanding.
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WOLFSBURG: Volkswagen challenged its workers with a tough wage plan yesterday ahead of talks seen as a gauge of their readiness to favour job security over pay rises, a swap that could make Europe&#39;s biggest economy more competitive.
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Volkswagen, Europe's leading car maker, said it saw no room for wage hikes in the upcoming pay talks, rejecting union demands for pay increases of four percent and wide-ranging job guarantees.
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Volkswagen says it may need to slash 30,000 jobs if unions refuse to agree to pay freezes at next week's talks.
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A two-week strike by some 50,000 workers that had halted output at Volkswagen AG , DaimlerChrysler  and other car makers in South Africa ended late on Tuesday, a union official said on Wednesday.
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LONDON, November 2  - The German automotive giant, Volkswagen AG (VOW.ETR), continued its negotiations with the labour union today on its planned labour cost reductions.