BUCHAREST –– Bosses at the Dacia-Renault factory in Romania have struck a pay deal with unions to avert a planned strike, the company said Monday.
“We have signed a collective agreement for 2007 which will see a 20.19 percent salary increase” for junior managers, said Dacia spokesman Silviu Sepciu, adding that monthly salaries would increase by up to eight euros.
The deal came hours before a planned two-hour stoppage at a production unit at Pitesti, 110 kilometres (70 miles) northwest of the capital.
Workers had planned an all-out strike from the beginning of March after negotiations wage negotiations stalled. Union representatives were asking for a 25 percent rise, with management offering 18.4 percent.
Dumitru Costin, president of the BNS union, told Mediafax news agency that the average salary for Dacia’s 11,000 workers was 250 euros, but the company posted a net profit of 100 million euros (132 million dollars) last year.
Dacia, formerly a state-owned company, was taken over by French group Renault in 1999. It has made at least 15,000 workers redundant since the change of ownership.