Cut Labor's Clout on German Boards
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DaimlerChrysler ( DCX ) Chief Executive Jrgen E. Schrempp is the most powerful man at the Stuttgart auto maker.
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German politicians, responding to what they saw as France's successful championing of domestic companies, began advocating deeper interference in business affairs a year ago as a way to protect German jobs.
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Under mounting pressure from German government officials and former employees of the mobile phone division it paid BenQ to take off its hands, Siemens has set up a â¬35 million ($44.4 million) fund to aid workers at risk of losing their jobs.
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Plans to end subsidies for coal mining in Germany are under threat after a dispute over the timetable for the move.
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A falling birth rate and an aging  population have prompted Germany's female leaders to shake up  the nation's old-fashioned family policies.
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Allianz  will cut some 7,500  jobs or 4 percent of its global workforce as part of a  far-reaching revamp designed to boost earnings, Germany&#039;s  largest insurance group said on Thursday.
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Two German railway unions launched a campaign of limited walkouts Monday in a pay dispute with the national rail operator, causing disruption in parts of the country. via CFRB
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Germany woke up to fears that the political tremors sparked by state elections in Saxony and Brandenburg on Sunday could lead to deeper division within their country and scare off investors.
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Germany's leading bank, Deutsche Bank, is to tell its employees next week of plans to cut some 2,000 jobs to increase profitability, according to a report.
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Deutsche Bank, Germany's biggest bank, said it planned to eliminate 1,920 jobs in Germany in the next two years, or seven percent of its German workforce, to cut costs.
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A German official said his country would lose about 3,500 jobs and that about 4,500 would be trimmed in France in a cost-cutting effort.
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Many European groups that staged high-profile share listings on Wall Street in the 1990s are now slipping out the back door, giving up a fleeting status that turned out to be expensive and restrictive.
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"With the legally binding minimum wages for postal workers ... the burden for the company will be too strong"  Germany's lower house of parliament on Friday approved instituting a minimum wage for letter carriers -- putting an end to an issue that has fueled tension in the left-right coalition government. via Boston.com
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Germany's Deutsche Telekom  wants to step up its efforts to cut labor costs and boost competitiveness by redeploying a large number of its civil servants and slimming down its bloated administration.
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Deutsche Bank, Germany's biggest bank, said it planned to slash 3,280 additional jobs, or five percent of its workforce, even as its net profit soared 87 percent last year in its best annual performance in four years.
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Nationwide protests are set to take place in Germany as cuts in unemployment benefit take effect.
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Volkswagen AG, Europe&#39;s biggest carmaker, may cut 30,000 jobs, or almost a fifth of its German workforce, if the labour union representing workers does not agree to a wage