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AREA Report 191 AREA Report 191 2009 1 19 NWC 1 16 3 (NWC) NWC 1 16 3 (National Wage Council NWC ) () NWC (annual variable component AVC and monthly variable component MVC ) The NWC strongly recommends that companies adversely affected by the economic downturn, work with the unions and workers to reduce and manage total costs. They may, in consultation with their unions/workers, implement a wage freeze or wage cut...
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