Renault’s Dacia Unit in Romania Faces Strike

Renault’s Dacia Unit in Romania Faces Strike

Auto major Renault SA is facing trouble at its Romanian Dacia manufacturing facility. The company staff is asking for 25% rise in salary. The main vehicle assembly plant has been hit as several hundred workers stayed away from work.

Dacia plant in Romania exports more than 90% cars outside Romania. The plant contributes nearly 3 per cent to GDP of Romania. Romania GDP growth is expected to be in range of 1.2-1.5 per cent for the current year.

The average gross salary at Dacia plant was $1100 last year compared to Romanian national average of $624.

Dacia unit sold 360 thousand automobile units last year. The company management is undergoing negotiations with union and working on a new contract with the unions.


FrenchTribune Specials

South Korea to infuse $13 billion to boost growth

The government in South Korea has announced that it will infuse more than 15 trillion won or $13 billion on Thursday in order to boost economic growth as the MERS virus affects the economic growth.

The government announced a financial packageincluding a supplementary budget in order to boost growth as its economy faces pressure.South...

Most Popular

PornHub aiming to riase $3.4M in crowdfunding

Pornographic website, Pornhub has said that it is aiming...

Rape prevention program dramatically reduces sexual assaults: Study

A Canadian study at three Canadian universities has...

Serengeti Captured Phenomenally by 225 Hidden Cameras

The Serengeti snapshot project involving the setting up...

Researchers using Minecraft game to train robots

A team of researchers at the Brown University have found...

Poll

Can Greece Come out of Economic Problems: