The threat of further strike action at the Skoda Auto car plant in Mlada
Boleslav has been averted after management and unions agreed a deal on
pay. Most of Skoda's 24,000 workers took part in a day-long staggered
strike on Wednesday, after months of inconclusive talks. That led to fresh
negotiations which produced a compromise, under which wages will rise by
12.7 percent until the end of 2008. The crisis at Skoda Auto - owned by
Germany's Volkswagen - has been resolved, but what does it mean for the
Czech economy? We asked Ales Michl, an analyst