PRAGUE - Skoda Auto, the largest Czech company by turnover, said on Wednesday it had agreed with unions to raise monthly wages by 1,308 crowns ($45.04) across the board from April.
The unit of Germany's Volkswagen AG said the hike was part of a collective agreement signed on Wednesday and valid until the end of March 2004.
The hike amounts to a 6.2 percent increase of Skoda's average gross monthly wage of 21,160 crowns.
Spokesman Jaroslav Cerny told Reuters the company, which employs more than 21,000 people, also would pay a lump sum of 3,150 crowns to each worker for the January-March period not covered by the collective agreement.
Skoda suffered last year from a firming of the crown currency, which cut into its export margins while making imports cheaper, and from the overall decline on the European car market.
The company's revenues dropped to 145.7 billion crowns last year from 153.3 billion in 2001, and net profit dipped to 1.8 billion from 2.1 billion.