KarstadtQuelle, Union Reach Agreement
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Struggling German retailer KarstadtQuelle on Thursday agreed with employee representatives on a cost-cutting plan that will include eliminating some 5,500 jobs, or 12 percent of its work force, and a three-year pay freeze.
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Officials from India and Pakistan agree on draft plans for breaking the Kashmir deadlock.
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Alitalia bosses and unions along with the government announced agreement on a deal to salvage the troubled Italian flag-carrier, overcoming the final hurdle by settling the issue of compensation for those who will lose their jobs in the process.
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BOCHUM - Workers at the Opel carmaking plant in the city of Bochum voted overwhelmingly Wednesday to end their nearly week-long wildcat strike and were to return almost immediately to work, officials announced.
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Troubled German retail giant KarstadtQuelle said it had agreed to sell parts of its logistics operations to the semi-privatised German postal service Deutsche Post for 200 million euros (260 million dollars).
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The United Auto Workers and an automotive supplier have reached an agreement that covers current hourly workers and possibly those at yet-to-open factories, the first multi-plant pact negotiated by the UAW in 20 years.
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The 25-nation European Union reached an agreement in principle on a highly controversial reform of Europe&#039;s vast services sector.
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European Union leaders voiced relief at clinching a deal on Friday on a treaty to reform the 27-nation bloc's institutions, replacing a defunct constitution and ending a two-year crisis of confidence in Europe's future.
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View of the atrium of the new Karstadt department store in Leipzig, eastern Germany, Thursday, Nov.Comment
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Postal dispute looks likely to end as CWU executives agree to ratify deal.
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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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Bank LBBW says it has reached an agreement that clears the way for it to take over German peer Sachsen.
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Unions at German carmaker Volkswagen agree to hold further talks over work contracts with management.
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Germany's ruling coalition finally reaches a deal on funding healthcare after weeks of bitter argument.
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German Chancellor Angela Merkel's coalition reached an agreement on a health reform plan Thursday, ending weeks of feuding that raised doubts over the government's future.
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Alitalia reaches an agreement with all but one trade union over plans to split the troubled national Italian airline into two.
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Rival union federations have agreed to coordinate get-out-the-vote and other efforts for November.