German carmaker Volkswagen's Slovak unit and the KOVO metal-working union at the factory in Bratislava have concluded collective bargaining for 2010 by reaching an agreement to increase employees' salaries by 3 percent with effect from May 1, 2010, the company's spokesperson said on March 22. In addition, each employee will be paid €215 in a settlement for April. The new salary rates will be effective until March 31, 2011.
Volkswagen Slovakia ended 2009 with a net profit of €57 million, chairman Andreas Tostmann told the TASR newswire the same day. The total revenues of the car plant reached €2.94 billion in 2009. According to Tostmann, the factory produced over 105,000 vehicles, of which 80 percent were SUVs.
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
23. Mar 2010 at 10:00