The unions have reiterated their demand for the second bonus payment for 2006 production results. The demand would be raised during the next meeting between the management and the unions on wages, which would take place on January 3rd, 2007.
Our view: We view the news negatively. The management has planned to reform the wage system by linking bonus payments to the level of earnings by the end of 2006, but this wont’ be fulfilled, due to unions objection.