German train drivers upbeat on wage deal by month's end
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German train drivers' union GDL said Sunday it did not plan further strikes in its bitter battle for a new wage deal and was confident about reaching an accord with employers by the end of the month.
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Mexican union workers for Volkswagen AG, Europe&#39;s largest carmaker, accepted the company&#39;s offer for a 6.1 percent pay increase and will return to work today after going on strike Wednesday, Reforma newspaper said.
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German service union Verdi said on  Saturday it had agreed with Deutsche Lufthansa  a pay  deal giving around 42,000 ground and cabin crew in the Germn  airline a 3.4 percent increase in wages.
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The German trade union IG Metall said that it would demand a pay increase of 6.5 percent in wage talks expected to begin soon, setting the stage for a clash with employers. âThe metal and engineering industries can easily cope with and finance an increase of 6.5 percent,â IG Metallâs head, JÃ¼rgen Peters, left, said in a statement issued after a union board meeting. âItâs the employersâ turn in 2007.â Mr. Peters said IG Metall was expecting productivity gains of 1.8 percent for the economy as a whole and inflation of 2.3 percent this year, matching the government estimate. Productivity in the engineering and metal industries, however, was expected to rise more strongly, by 4.5 percent to 5.5 percent. Dieter Hundt, head of the Confederation of German Employersâ Associations, said in a statement that a 6.5 percent wage increase would hurt the economy and undermine recovery of the sector, which led to the creation of 30,000 jobs last year.
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EWS says that Germany's Deutsche Bahn is close to announcing plans to buy the British freight operator.
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German service union Verdi said on Saturday it had agreed with Deutsche Lufthansa  a pay deal giving around 42,000 ground and cabin crew in the Germn airline a 3.4 percent increase in wages.
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Volkswagen challenged its workers with a tough wage plan on Monday ahead of talks seen as a gauge of their readiness to favor job security over pay
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Representatives from German carmaker Volkswagen AG and a labor union said Friday they had agreed to increase working hours at plants in western Germany by more than four hours a week to 33 hours, without any increase in pay.
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FRANKFURT Representatives of Volkswagen and its labor union faced off across a table Wednesday, opening a round of negotiations that will be closely watched here as a test of how long German workers can preserve their privileged place in the global auto
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German carmaker Porsche expects its streak of strong earnings to continue in the current fiscal year that ends in July, the company said on Wednesday.
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Workers at a Siemens AG phone systems plant have agreed to a 3-percent hourly pay cut and other concessions to keep 1,100 jobs in Germany that otherwise might have been shifted to lower-cost countries, the ...
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HANOVER, GERMANY -- Under pressure to cut costs and improve earnings, Volkswagen struck a far-reaching compromise with its workers Wednesday, winning a 28-month pay freeze and lower pay for new hires in return for a no-layoff guarantee until 2012.
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A deal seems to be taking shape in wage talks between Volkswagen and the IG Metall metalworkers union, the head of the works council at Europe&#39;s biggest carmaker said Wednesday.
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General Motors Corp.'s German division announced a deal Thursday that will allow the struggling automaker to cut thousands of jobs while avoiding forced layoffs and offering generous incentives for employees to leave.
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German consumers are seen being more confident in June, helped by better wages and job prospects, a survey finds.
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Volkswagen AG, Europe&#39;s largest carmaker, aims to freeze wages and save jobs at its German factories in upcoming wage negotiations with workers.
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Volkswagen AG, Europe's biggest automaker, said Friday it was open to labor union demands for job guarantees if employees agree to work longer for the same pay.