EXCLUSIVE: AUSTRALIA: Holden pays for workplace peace
General Motors' subsidiary Holden has settled the long-running enterprise bargaining dispute with its 5,000-strong blue-collar workforce with a 16.7 percent pay rise package, writes Mike Duffy. Pay increases start with a six percent rise, backdated to August 1. Further annual increases will total 16.7 percent in simple terms and compound to 17.7 percent during the 39-month life of the agreement.
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