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  - 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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Wage negotiations between Volkswagen AG and Germany&#39;s biggest industrial union broke up without agreement Thursday, but the two sides agreed to hold more talks next week even as the union presses ahead with plans for a flurry of short work stoppages.
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Automaker Volkswagen said Monday there is "no room" for wage increases this year as it prepares for pay talks with Germany's largest industrial union.
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HANNOVER, Germany Senior negotiators from Volkswagen and its main union entered another round of negotiations on Tuesday as they worked to reach a cost-cutting contract and head off the first comprehensive strike at the automaker&#39;s factories in western
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German metalworkers union IG Metall   agreed on Monday to reopen Volkswagen's VOWG.DE wage contract   but rejected management's plans to increase working hours   without extra pay at Europe's biggest carmaker.
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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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Negotiations between VW and unions about radical cost savings at its German factories resume against a backdrop of falling profits at Europe's largest car maker.
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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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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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Workers and managers at Volkswagen&#39;s German plants are &quot;miles apart&quot; in their negotiations over a new pay deal, union representatives have said.
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Mexican union workers for Volkswagen AG, Europe&#39;s largest carmaker, accepted the company&#39;s offer for a 6.1 percent pay increase and will return to work today after going on strike Wednesday, Reforma newspaper said.
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Europe&#39;s biggest carmaker said 30,000 jobs could be cut in Germany if unions do not agree to cost-cutting plans. Volkswagen is pushing for a wage freeze and more flexibility in working hours to counteract falling sales.
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Management and unions at German auto maker Volkswagen reached an agreement on Wednesday that will bring an end to their long-running wage dispute, a union official said.
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More than 30,000 jobs could be at risk at automaker Volkswagen if labor unions refuse to forego wage rises and make other concessions in upcoming negotiations, a top manager was quoted as saying Thursday &#151; comments that drew a sharp response from Germany's largest industrial union.
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HANOVER - Management at Volkswagen and union leaders were locked in tough wage talks Tuesday as thousands of workers at Europe&#39;s largest car maker staged more warning strikes.
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SAO PAULO, Brazil  - Workers at Volkswagen AG's   VOWG.DE biggest Brazilian plant ended a strike on Monday   after the German company agreed to reevaluate plans to cut   1,800 jobs, officials from the labor union at the factory and   the automaker told Reuters.