VW's German workers win raises in pay deal - WRCBtv.com | Chattanooga News, Weather & Sports

VW's German workers win raises in pay deal

FRANKFURT, Germany (AP) - Volkswagen's German factory workers will get a two-stage raise under a new wage deal reached as the automaker grapples with slipping sales and profit.

The company said Tuesday it agreed with the IG Metall union on increases of 3.4% from Sept. 1 and 2.2% from July 1 of next year through February 2015. The agreement covers 102,000 workers in six west German auto plants.

Volkswagen AG personnel head Horst Neumann said the deal went "to the limit" of what a tough auto market would allow.

Volkswagen, whose brands also include Audi, Porsche, SEAT and Skoda, saw profit fall 38% in the first quarter as European car sales slumped in a recession. Sales of VW brand vehicles fell 7.9% in the first four months of the year.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • NewsMore>>

  • TWRA: Free hunting day set for Aug. 26

    TWRA: Free hunting day set for Aug. 26

    Tuesday, August 22 2017 3:15 AM EDT2017-08-22 07:15:13 GMT
    NASHVILLE --- Tennessee residents are allowed to hunt without a license on Saturday, Aug. 26 which coincides with the opening day of squirrel season. Free Hunting Day is an event the Tennessee Wildlife Resources Agency annually provides in hopes of increasing interest in hunting. Squirrel hunting is one of Tennessee’s oldest and favorite traditions. The day serves as an excellent opportunity for persons to experience the enjoyment of the sport. The TWRA encourages regular hunt...More
    NASHVILLE --- Tennessee residents are allowed to hunt without a license on Saturday, Aug. 26 which coincides with the opening day of squirrel season. Free Hunting Day is an event the Tennessee Wildlife Resources Agency annually provides in hopes of increasing interest in hunting. Squirrel hunting is one of Tennessee’s oldest and favorite traditions. The day serves as an excellent opportunity for persons to experience the enjoyment of the sport. The TWRA encourages regular hunt...More
  • Sen. Corker releases statement on President's Afghanistan strategy

    Sen. Corker releases statement on President's Afghanistan strategy

    Monday, August 21 2017 11:34 PM EDT2017-08-22 03:34:08 GMT
    U.S. Sen. Bob Corker. WRCBtv.com photoU.S. Sen. Bob Corker. WRCBtv.com photo

    Sen. Bob Corker released a statement Monday on President Trump's address on Afghanistan.

    More

    Sen. Bob Corker released a statement Monday on President Trump's address on Afghanistan.

    More
  • Local NAACP chapter discusses removal of Confederate statue

    Local NAACP chapter discusses removal of Confederate statue

    Monday, August 21 2017 11:19 PM EDT2017-08-22 03:19:30 GMT

    This comes in the middle of a movement to take down Confederate statues across the country. The statue is of a Confederate lieutenant general that was unveiled in 1919.

    More

    This comes in the middle of a movement to take down Confederate statues across the country. The statue is of a Confederate lieutenant general that was unveiled in 1919.

    More
Powered by Frankly