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November 22, 1988


By CBR Staff Writer

Ing C Olivetti SpA is celebrating a landmark labour agreement with unions representing its 30,000 Italian employees: under the agreement, an element of pay increases over the next three years will be related to the performance of the company, so that there will be a fixed increase of $2,000 dollars spread over three years, plus a bonus if group operating profit as a percentage of consolidated turnover exceeds 6% – which is a non-trivial target because the current level is 4.9%.

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