The international automotive supplier Continental is bringing forward a pay increase for its more than 25,000 employees in the German metal and electrical industry to 1 February 2011.
Initially, the pay increase had been agreed upon for 1 April.
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“We want to enter into the relevant talks specified in the collective bargaining agreement as soon as possible,” said Continental’s executive board member responsible for human resources, Heinz-Gerhard Wente.
He also announced that Continental employees worldwide are to receive location-specific one-off payments with a total volume of €45m.
“After the serious economic and financial crises last year, our employees throughout the world demonstrated their commitment, working hard to contribute substantially to Continental’s speedier-than-expected recovery. In recognition of this commitment, the executive board decided on the one-off payment for the spring of 2011, even though the company is still facing several major challenges,” Wente added.
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