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Skoda Auto agrees 12 percent wage hike, averting strike threat

Reuters  |  PRAGUE 

PRAGUE (Reuters) - Czech Volkswagen unit Skoda Auto said on Wednesday it had reached an agreement with unions to raise wage tariffs by 12 percent, averting the threat of a strike.Skoda is the largest Czech company and the biggest exporter, and wages there help set example for other wage talks."The exceptionally high result reflects the competitive situation in the country as well as the overall macroeconomic situation in the Czech Republic," Chairman Bernhard Maier said in a statement."It is an agreement concluded...with respect to social and economic convergence with mainly the European ...

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First Published: Wed, April 11 2018. 23:14 IST