ING Reaches Agreement With Unions On Worker Pay
September 14 2009 - 2:31AM
Dow Jones News
Dutch bancassurer ING NV (INGA.AE) said Monday that it has
reached an agreement with unions on worker pay in the coming
years.
MAIN FACTS:
-Under the agreement, workers will see their bonuses cut by 2%
in 2010 and 2011, while they will receive a structural pay raise of
1% as of September 2011.
-Union members still have to approve the agreement.
- By Amsterdam Bureau, Dow Jones Newswires;
amsterdam@dowjones.com