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BUSINESS
August 22, 2000 | Bloomberg News
* Workers at Volkswagen's plant in Mexico lowered their wage demands in a bid to end a strike that has paralyzed production of the company's New Beetle, Jetta and Golf models. The union, which represents about 12,700 workers, is now asking for a wage boost of 20% to 25%, down from the 35% originally demanded. Mexico's Labor Ministry is helping broker the ongoing contract talks. The workers went on strike Friday morning after turning down the company's offer of a 9.2% wage increase.
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BUSINESS
August 22, 2000 | Bloomberg News
* Workers at Volkswagen's plant in Mexico lowered their wage demands in a bid to end a strike that has paralyzed production of the company's New Beetle, Jetta and Golf models. The union, which represents about 12,700 workers, is now asking for a wage boost of 20% to 25%, down from the 35% originally demanded. Mexico's Labor Ministry is helping broker the ongoing contract talks. The workers went on strike Friday morning after turning down the company's offer of a 9.2% wage increase.
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BUSINESS
May 23, 2000 | From Reuters
A federal grand jury has indicted Jose Ignacio Lopez, a former General Motors Corp. and Volkswagen executive, on charges the controversial purchasing boss stole secret GM documents and turned them over to rival VW seven years ago, the Justice Department said Monday. The six-count indictment alleges that Lopez gathered sensitive documents describing new car models, a proposed new assembly operation and supplier prices while working for the world's No.
BUSINESS
May 23, 2000 | From Reuters
A federal grand jury has indicted Jose Ignacio Lopez, a former General Motors Corp. and Volkswagen executive, on charges the controversial purchasing boss stole secret GM documents and turned them over to rival VW seven years ago, the Justice Department said Monday. The six-count indictment alleges that Lopez gathered sensitive documents describing new car models, a proposed new assembly operation and supplier prices while working for the world's No.
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