Kai Wiedemann, head of personnel of Knipex, a 130 year-old family-owned pliers and tools maker company poses for a picture in Wuppertal, western Germany, October 26, 2016. REUTERS/Wolfgang Rattay
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For more than 130 years, Knipex, a family-owned company in western Germany, has made pliers for craftsmen around the world.Last year, wages rose in real terms by 2.5 percent, the most in over two decades.The building of the kindergarten, unusual for a company of 1,200 workers, was financed with savings built up over years.Siemens reintroduced a scheme this year to pay up to 3,000 euros to employees who refer candidates that it successfully places in jobs.Its other measures have cost roughly 1 million euros per year, while annual sales are more than 100 million euros.The firm raised wages for its almost 300 employees by 6 percent on average in the past three years, more than double the national average.
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