Volkswagen May Be Close to Settling Its Wage Talks
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Volkswagen and its workers entered a critical week in their wage negotiations on Monday, with signs that a compromise was taking shape even as protests flared at factories across Germany.
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Workers and management at German car giant Volkswagen make little headway in initial negotiations over a new pay deal.
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FRANKFURT, Germany : The IG Metall union pledged its determination to prevail in what is expected to be turbulent salary negotiations this week with car manufacturer Volkswagen, which is demanding large sacrifices from employees.
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Volkswagen, Europe's biggest car maker, has expressed optimism about prospects in its current business year after earnings rose sharply last year on cost-cutting and capital gains.
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Negotiators from Volkswagen AG and Germany's biggest industrial union held a new round of wage talks Thursday, with the union threatening a flurry of short warning strikes if it doesn't get the job guarantees and wage increases it is demanding.
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Volkswagen&#39;s labor negotiations in Germany began Wednesday with union demands for raises and job guarantees and company calls for a two-year pay freeze.
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Volkswagen management has offered to  freeze its own pay for two years in a bid to gain workers'  support for an austerity drive, but union mediators dismissed  the move as a "distraction tactic."
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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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Bargainers for General Motors Corp. and the United Auto Workers resumed contract negotiations Monday amid optimism that they are getting closer to a contract agreement
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Volkswagen and its workers headed into crucial wage negotiations Wednesday that will seriously test the tradition of close labor-management collaboration at the automaker as it struggles with shrinking earnings and tougher global competition.
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Europe's biggest carmaker Volkswagen is to meet with unions for talks that experts say are vital to the firm's future.
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Volkswagen and its union traded threats Wednesday ahead of renewed wage talks, with several thousand workers staging short work stoppages and the German carmaker&#39;s personnel chief warning of dramatic job cuts if the company doesn&#39;t get cost
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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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The IG Metall union pledged its determination to prevail in what is expected to be turbulent salary negotiations this week with car manufacturer Volkswagen, which is demanding large sacrifices from employees.
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Volkswagen and its workers launched crucial wage negotiations Wednesday that will seriously test the tradition of close labor-management collaboration at the automaker as it struggles with shrinking earnings and tougher global competition.
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HANOVER, GERMANY -- Under pressure to cut costs and improve earnings, Volkswagen struck a far-reaching compromise with its workers Wednesday, winning a 28-month pay freeze and lower pay for new hires in return for a no-layoff guarantee until 2012.
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Senior negotiators from Volkswagen and its main union have met to seek a deal on cost cutting that could head off the first full-blown strike at the carmaker&#39;s western German factories.