On Tuesday, Lamborghini reached an agreement with its unions to roll out a shorter week for its production workers without slashing pay, the labor associations and company.
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00:00 Lamborghini has reached an agreement with its union to roll out four-day work weeks for its production workers without cutting pay.
00:05 The principle that guided the union's negotiations is "work less and work better."
00:09 The decision to transition to shorter work weeks is a key moment for the auto industry, which recently faced a historic triple strike in the U.S.
00:16 The deal between Lambo and its union is part of a renegotiation, including a hike in annual wages, expanded benefits, and the creation of 500 new jobs.
00:23 It also comes after Lamborghini netted one of its best-ever half-year results on record, delivering 5,341 vehicles to customers.
00:31 This raked in revenues of $1.53 billion in the first six months of the year.
00:35 The four-day work week at Lambo will save production workers 22 working days a year if they are on a rotating two-shift schedule or 31 days if they follow three-shift schedules.