Siemens Won't Move 2,000 Jobs to Hungary

Published: 26 June 2004 y., Saturday
Industrial group Siemens AG won't move 2,000 phone assembly jobs from northwest Germany to lower-wage Hungary, now that workers have agreed to lengthen their work week to 40 hours from 35 for no more money, the company said Thursday. The agreement with the IG Metall union specifies that workers at the Bocholt and Kamp-Lintfort facilities must work an average of 1,760 hours a year measured over a two-year period. Excluding vacation and holidays, that amounts to an average 40-hour week, and permits the company to gear up when there's more work and have people work less when it's slow. "The solution for Kamp-Lintfort and Bocholt is a triumph of reason," said Siemens CEO Heinrich von Pierer, who has said the facilities must cut costs or see jobs move east. "Our employee representatives, IG Metall and our company management have show that there are realistic ways to counteract job cuts in Germany." The agreement, struck between the industrial employers' association and IG Metall, takes effect July 1 and guarantees the jobs of the covered workers at the two plants - more than 4,000 in all - who assemble mobile and cordless phones.
Šaltinis: thestate.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

First woman wins Nobel Economics

Elinor Ostrom -- an American professor who developed ways to manage common property - is the first woman to win the Nobel prize for economics. more »

435 construction workers in the Netherlands to receive help from EU Globalisation Fund

The European Commission has today approved an application from the Netherlands under the Globalisation Adjustment Fund (EGF) for € 386 114 to help 435 workers made redundant by Heijmans N.V., a Dutch construction company, back into jobs. more »

Lithuanian biotech products conquer China

Seeking to strengthen and further expand product sales in the Asian region, the Lithuanian biotechnology company Fermentas established its subsidiary in China. more »

Foreign trade of Lithuania in January– August 2009

Statistics Lithuania reports that, based on non-final data obtained from customs declarations and Intrastat reporting data, exports in January–August 2009 totalled LTL 25.6 billion, while imports – LTL 28.9 billion. more »

AB „Finasta Holding“ will control „Finasta“ group and other companies of bank SNORAS group, engaging in financial investment activity

On 6 October 2009 AB Bank SNORAS Board decided to reform the Private Limited Company UAB “SNORO investicijų valdymas” into the Public Limited Company AB „Finasta Holding“, which will control recently obtained „Finasta“ group companies and other Bank SNORAS group companies, engaging in investment management. more »

Bust airlines - MEPs back compensation for grounded passengers

If your airline goes bankrupt and leaves you stranded what are your legal rights? Members of the Parliament's Transport Committee want grounded passengers to have access to a special compensation fund. more »

Crisis lessons

Euro report says currency provided protection from interest and exchange rate turbulence. more »

Prices for industrial production in September 2009 dropped by 1.6 per cent

Statistics Lithuania informs that in September 2009, against August, prices for total industrial production sold dropped by 1.6 per cent. more »

IFIs pledge continued drive to support Central and Eastern Europe through recovery

The European Bank for Development and Reconstruction (EBRD), the European Investment Bank (EIB) Group, and the World Bank Group* on Monday warned against complacency in the face of significant challenges that stand in the way of economic recovery in Central and Eastern Europe. more »

DnB NORD Bank to approve new note issue programme

The leader of the country’s investment products’ market – AB DnB NORD Bankas – intends to issue up to EUR 300 million nominal value corporate notes in local and foreign markets over the next 12 months. more »