GM Holden, in the midst of seeking financial help from the Australian government, reportedly agrees to a spectacular wage deal that will raise the income of 4,000 employees up to 22.3% over the next three years. The Australian newspaper says workers will receive a guaranteed 18.3% increase, with some getting 22.3% hikes. Neither GM Holden nor the unions have made an announcement about the new contract. The newspaper says union leaders call the deal spectacular. “In the ...

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