MADRID—German automaker Mercedes-Benz plans to invest 1.2 billion euros in its Vitoria plant in northern Spain after workers backed a new labor agreement, unions UGT and CCOO said on Tuesday.
About 57 percent of the plant’s nearly 5,000 workers voted in favor of a deal that defines working conditions and pay raises until 2026, allowing the automaker to invest in the production of new models and electric vehicles, the unions said in separate statements.
