Despite Volkswagen's recent emissions test scandal, the company has reached a labor agreement with its German union. The agreement will boost 120,000 of its workers' wages by 4.8%, which will be implemented in two phases. The union had originally demanded 5% after striking at the Wolfsburg, Kassel, Braunschweig and Salzgitter factories. Concessions also included profit-sharing programs, pensions, and a partial early retirement plan.
See "Volkswagen strikes deal on wages with German union", Market Watch, May 20, 2016