Unions at the Mercedes-Benz plant in Hungary have agreed on a 24% wage increase in two stages. In addition, the unions have succeeded in negotiating a profit-sharing bonus, which is a new element. Starting on 1 January, Mercedes-Benz will increase base wages by 17% and by another 7% in August. Together with other elements, such as a quarterly special payment linked to inflation and a newly introduced profit-sharing scheme for employees, the total benefits package for employees could increase by more than 30% from current levels.
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