Volkswagen (VOWG_p.DE) close to the deal in its German trade union IG Metal factory workers higher wages, just as Europe's largest carmaker faces slowing sales and falling profits.
"We will reach a deal, IG Metal spokeswoman said:" As early as Tuesday. Volkswagen, a company spokesman said, adding that some details still need to work out an agreement before you sign, and refused to provide specific.
Volkswagen and IG Metal is due at 10:00 (0800 GMT) at a news conference. Pay attention to speak about 97,000 public six western German manufacturing plants and 5,000 employees in the financial services sector staff.
Volkswagen last year, weathered the downturn in the automotive industry, urging employees to meet the "moderate" pay car in the European core markets continued weak demand hurt sales and profits.
Volkswagen delivered namesake brand in its German home market fell 10.9% between January and April, down 7.9% contraction shortages throughout Western Europe. Group operating profit for the first quarter fell 25 percent to 2.34 one billion euros (about 300 million U.S. dollars).
IG Metal also said market leader Volkswagen has the ability to give workers a greater salary raised beyond the market of the industry.
Earlier this month, IG Metal gained an agreement, Germany $ 370 million engineering and metal workers, equivalent to an annual wage increase of around 3% inflation beating wage growth.
 
 



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