Sentences with phrase «tentative wage agreement»
General Motors — GM's South Korean unit reached a tentative wage agreement with its labor union, in a move that will likely avoid bankruptcy.
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The tentative agreements provide for 11 % wage increases and run for seven years from the expiration of each union's prior contract in 2011 or 2012.
The tentative agreement offered no wage increase for 2013, 1 percent for 2014 and 2 percent for the next three years.