WOLFSBURG – Volkswagen
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The agreement foresees a 25 percent improvement in productivity at German plants, the company said at a news conference on Friday.
The so-called future pact, hammered out between both sides since June, aims to increase the brand's operating margin to 4 percent by 2020, from an expected 2 percent this year, the company said.
(Reporting by Andreas Cremer; Writing by Edward Taylor; Editing by Maria Sheahan)