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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Volkswagen AG | TG:VOW3 | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.90 | -0.76% | 117.45 | 117.00 | 117.45 | 118.45 | 116.55 | 118.30 | 102,906 | 20:02:36 |
From May 2019 to May 2024
By Harriet Torry
Pay for public-sector employees in Germany's federal states will increase more than 4% over the coming year, after employers and labor unions reached a wage agreement late Saturday.
The deal means wages for public-sector workers will increase 2.1% retroactively from March 1, and 2.3% from March 1 next year, services union Ver.di said. The agreement came in the fourth round of negotiations.
The rise is the latest in a string of wage increases that are expected to further drive consumer spending and boost the German economy this year.
Earlier in the year, labor union IG Metall reached a compromise with employers for a 3.4% pay increase for 800,000 metal and electrical workers in the state of Baden-Wuerttemberg. Volkswagen AG (VOW.XE) and IG Metall also agreed to raise employees' basic monthly pay by 3.4% as of June 1.
Write to Harriet Torry at harriet.torry@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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