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Paks power plant union stops strike, continues negotiations

A union at the Paks Nuclear Power Plant has stopped a strike started on Monday, but will continue negotiations under a strike situation, Sándor Berkes, the union's head announced on Tuesday.

Berkes said the strike, originally expected to last for three days from Monday morning, had proved costlier for the union than for the power plant. While the union must pay wages to the striking workers, the Hungarian electricity works MVM Rt approved only a 20 MW reduction, or less than 5%, of the plant's capacity utilization. The union is demanding a 15% pay raise as well as profit-sharing among employees, which would put half of the plant's after-tax profits exceeding the annual target in workers' pockets.