Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

Peugeot's Slovak unit agrees 7.7pct wage hike with unions

Auto News - Published on Fri, 15 Jun 2018

Image Source: ET
Reuters reported that French car maker Peugeot's Slovak unit has agreed with trade unions on a 7.7 percent wage hike this year. The raise follows an average 6.3 percent wake hike last year at the plant that produced more than 335,000 cars in 2017. Peugeot Citroen, which makes Citroen C3 and Peugeot 208 cars, is one of the central European country's three carmakers, along with Volkswagen and Kia. Peugeot Citroen, which makes Citroen C3 and Peugeot 208 cars, is one of the central European country's three carmakers.

Peugeot Citroen, which makes Citroen C3 and Peugeot 208 cars, is one of the central European country's three carmakers.

They together have a combined annual output of more than 1 million vehicles.

With unemployment in much of the central European region at or near record lows, Slovak wages have grown quickly and are expected to rise 3.3 percent this year in real terms after a 3.1 percent gain in 2017.

Slovakia's biggest carmaker Volkswagen experienced a six-day strike last year that ended in a deal on a 4.7 percent wage rise from June 2017. Wages also rose another 4.7 percent in January 2018 and a further 4.1 percent in November 2018.

Jaguar Land Rover plant is expected to come online this year, less than 60 kilometres (37.28 miles) from Peugeot's factory, adding to wage pressures in the tight labour market.

Source :

Posted By : Nanda Koijam on Fri, 15 Jun 2018
Related News from Auto segment