Germany&#39;s IG Metall pushing for 6.5-percent pay rise
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Germany&#39;s powerful IG Metall labour union called on Monday for wage increases this year of 6.5 percent for the 3.4 million workers in the German engineering and metal-working sector.
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Shares of WMC Resources Ltd., the world&#39;s fifth-largest nickel metal producer, rose on optimism Xstrata Plc. will need to raise its A$7.4 billion ($5.8 billion) hostile bid and that other companies may submit higher offers.
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The German government is seeking nearly &#36;6 billion in compensation from the consortium running a much-delayed project to collect truck tolls using satellite technology, the country's transport minister said Thursday.
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Wage talks next month at German automaker Volkswagen appear off to a difficult start after the powerful IG Metall union demanded a four percent wage rise and job guarantees for its members.
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BERLIN Germany&#39;s unemployment rate rose in November to a six-year high, the government said Thursday, as Bayer and other companies announced job cuts.
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More striking German civil servants held rallies Tuesday to press for higher wages amid a growing tax evasion scandal that could give labour militants a tailor-made issue to back up their demands.
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Germany's jobless figure rises above five million, with unemployment now at its highest level since the 1930s.
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AMSTERDAM -- Steel tycoon Lakshmi N. Mittal yesterday said he would pay $4.5 billion in cash and stock for US steelmaker International Steel Group Inc., which had been cobbled together by onetime investment banker Wilbur L. Ross Jr. from mills whose parents landed in bankruptcy court.
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Outraged workers in Germany refuse to resume production as automaker seeks to save $623.8Ma year. FRANKFURT, Germany  - General Motors management started negotiations with union leaders Monday over
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Negotiators from Volkswagen and the IG Metall industrial union headed into a fifth round of wage talks Thursday, with the union threatening to launch a flurry of short warning strikes if it doesn&#39;t get the job guarantees and wage increases it&#39;s demanding.
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WELLINGTON New Zealand&#39;s central bank raised the benchmark interest rate by a quarter point on Thursday, to 6.5 percent, and said the sixth increase this year may be the last as economic growth slows.
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Under a contract settlement announced yesterday by union and city officials, doctors employed by city agencies and hospitals will receive pay raises in February of roughly 6 percent in return
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KarstadtQuelle AG, Europe s largest department-store operator, plans to raise 1.6 billion euros ($2 billion) by selling shares and divesting assets, including 77 department stores, in an effort to return to ...
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The world&#039;s biggest  steelmaker Mittal  faced further pressure to raise its  23-billion-euro (&#36;29-billion) bid for rival Arcelor   after Russian suitor Severstal  improved its friendly  merger offer.
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More U.S. workers are getting pay raises based on how well they do their jobs, according to a survey released on Wednesday.
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The number of people looking for work in Germany could rise above the politically critical five million mark this year, Economy and Labour Minister Wolfgang Clement said.
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The push-and-pull over the 2009 federal pay raise is underway.