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VW considers salary cutsBusiness in short
27 Jan 2014 Compiled by Spectator staff Business
BRATISLAVA-based carmaker Volkswagen (VW) is allegedly planning to cut the salaries of its employees by 4 percent. The company has already submitted the proposal to trade unionists, explaining that it wants to invest in modernising its production lines so that it will reduce employee work hours, the Hospodárske Noviny daily wrote in its January 21 issue.
The salary cuts will be the first to occur in the Bratislava-based plant since its establishment.
Spokesperson for VW Slovakia Vladimír Machalík said that collective negotiations over the salaries are still underway, and that he will discuss their results as soon as they are over.
The company is allegedly planning to reduce the work hours of its employees from eight to six hours, Zoroslav Smolinský, head of the VW trade unions, told Hospodárske Noviny. He explained that the main reason is not due to a lack of orders, but so that the firm can improve its production lines and abolish Sunday shifts. He added that VW is not planning any layoffs.
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