Volkswagen reaches wage deal with German workers

FRANKFURT, Germany — Volkswagen and Germany’s largest industrial union have agreed on a 23-month wage deal that provides a 1,000 euro bonus recognizing employee efforts during the coronavirus pandemic and a 2.3% wage increase from January 2022.

The deal covers 120,000 workers at six factories in Germany and people working for Volkswagen’s financial services arm, Volkswagen said in a statement Tuesday.

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