GM’s Workers Agree To Freeze Salaries For Competitiveness

News: US automaker General Motors Company's (GM) workers in Spain have accepted the carmaker's proposal to freeze their salaries for two years in order to increase competitiveness against other plants in Europe. The 6,000 workers at GM's plant near Zaragoza accepted the company's five-year collective agreement, agreeing that employees would not receive a salary increase in 2013 or 2014. The automaker said the move would help the facility be part of the company's investment plans and allotment of new models.

This article is tagged to:
Sector: Autos
Geography: Spain

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