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Friday, January 09, 2004

Borders' workers ratify contract
From the Ann Arbor News:
Highlights of the agreement:

Beginning in April, 25-cent increase in starting pay. Cashiers will receive $6.75 per hour, booksellers $7.25. Workers had asked $7.95 per hour starting pay, reaching $9.95 after two years, with $10 per hour for starting supervisors.

Also beginning in April, merit raises of 3 percent. Workers had asked for an annual increase of 4.5 percent.

In lieu of $360 worth of store credit each year, Borders will add 11 cents to hourly wages. According to the company, it adds about $200 to each worker's paycheck annually.