VW's 28-hour workweek goes kaputt in Wolfsburg
Article Abstract:
Since 1994, w orkers in Volkswagen AG's factory in Wolfsburg, Germany have enjoyed 28 hour work weeks, with a full week's pay, but that has recently changed. Under a new labor agreement, work weeks will be 33 hours, resulting in an hourly pay reduction of over 14%.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Daimler to cut management by 20%
Article Abstract:
DaimlerChrysler AG of Germany is to announce a cut in management ranks by about 20 percent. The job cuts are expected to reduce the rolls by approximately 5,000. The Mercedes division is to take the brunt of the job reductions.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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BMW manufacturing head to become firm's next CEO
Article Abstract:
BMW AG of Germany has appointed Norbert Reithofer Chief Executive Officer succeeding Helmut Panke. Mr. Panke is retiring at age 60, the automobile companies mandatory retirement age.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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