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Wal-Mart, Chinese Unions Reach Deal On Pay Raises
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RENEE MONTAGNE, host:
And our last word in business today comes from Wal-Mart in China. It's a raise. Wal-Mart has struck agreements with unions in China. They represent nearly 50,000 people who work for the U.S. retailer there. China's unions are controlled by the government, however, so Wal-Mart's decided it was in its business interest to work with them rather than to try to keep them out. The agreement with unions in various Chinese cities includes a pay hike of 8 percent over the next two years to keep up with inflation.
And that's MORNING EDITION's business news from NPR News. I'm Renee Montagne.
STEVE INSKEEP, host:
And I'm Steve Inskeep. Transcript provided by NPR, Copyright NPR.
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