Volkswagen Negotiators Renew Wage Talks
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Negotiators for Volkswagen and its unionized employees began a third round of crucial wage talks in Hanover on Tuesday, with the company pressing its demand for a wage freeze and the union seeking job guarantees and a wage increase of 4 percent annually.
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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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Automaker Volkswagen AG and Germany&#39;s biggest industrial union said Tuesday they have made some progress in difficult pay negotiations, but were cautious on prospects of a quick deal in talks that were marked by worker protests.
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German union leaders say more than 12,000 workers have staged warning strikes at three Volkswagen plants, while a sixth round of contract talks was scheduled in Hannover.
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HANOVER - Management at Volkswagen and union leaders Wednesday agreed to a 28-month pay freeze as part of plans by the giant German-based carmaker to drastically cut costs.
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Staff at three VW factories start a series of warning strikes, as the carmaker continues talks over cost-cutting plans.
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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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Negotiators for the United Auto Workers and General Motors Corp. have resumed contract talks, but significant issues remain and a deal wasn't expected to be reached Saturday, according to a person briefed on the negotiations.
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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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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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Volkswagen, Europe's largest carmaker, has become the latest German firm to try to take on unions as it seeks to make major cost cuts.
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4,000 Volkswagen employees yesterday staged strikes against plans by the car manufacturer to freeze wages for two years. Volkswagen says it needs to cut costs because of competition from low-cost rivals, and
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Volkswagen challenged its workers with a tough wage plan on Monday ahead of talks seen as a gauge of their readiness to favor job security over pay
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Frankfurt - Volkswagen management and union representatives in Germany were to resume deadlocked wage and job talks on Tuesday following a day of &quot;difficult but not desperate&quot; discussions.
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HANOVER, Germany - Several thousand Volkswagen AG workers took to the streets Tuesday to press their demand for wage increases and pay guarantees as the automaker prepared to resume pay negotiations with Germany&#39;s biggest industrial union.
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Volkswagen AG has warned its German  workers that more than 30,000 jobs could be lost if they don't  agree to a pay freeze and other concessions, raising the stakes  ahead of negotiations due to start next week.
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Workers at Volkswagen's German plants have started a series of small-scale strikes as the carmaker continues to discuss cost-cutting plans with unions.