Mexican VW Workers Strike Pay Deal

Mexican Volkswagen workers have called off a strike in return for an overall 5.5% wage rise. The five-day strike at the company’s Puebla plant, resulting in the lost production of 6,000 vehicles, will leave VW at a competitive disadvantage, according to the German company’s management. The union had initially demanded an 8.5% wage increase, with management offering a package comprising a 4% increase and a 0.5% raise in benefits. VW eventually raised the benefits increase to 1.5%.