Brazil: new wage cut agreements in the metal and mining sectors

soared in January – from 6.8 to 8.2% – Brazilian unions accepted new agreements to cut wages and working time to avoid redundancies. (Ref. 090242)

Vale Rio. Negotiations
between the social partners on maintaining employment at Vale Rio Doce led to
the signature of a new agreement with the fifteen key unions in the country,
representing 38.000 workers in the company they commit not to ask for wage increases.
In exchange, the company guarantees to maintain jobs. A former agreement,
signed by...