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Frankfurt - Volkswagen said on Tuesday it had agreed to guarantee the jobs of 100 000 workers in Germany until the end of 2014.
In exchange for a deal with Germany's powerful IG Metall trade union, "the company and employee representatives affirmed their commitment to jointly achieve productivity rises," the statement said.
A "performance-related remuneration component" was also agreed upon, as was the hiring of apprentices based on how well they did during a training period.
The agreement covers 100 000 workers and extends a previous job guarantee that was to run until 2011 in VW plants and at the financing division of Europe's biggest auto manufacturer.
"Workers have a safe job, are motivated and ready to contribute to an increase in productivity. That is the basis of Volkswagen's success," Harmut Meine, the IG Metall official that negotiated the accord, said in a separate statement.
- AFP