Germany's Deutsche expects $3.9bn writedown ...
'Optimism' over German rail row ...
Union talks break down in Germany ...
Deutsche Post Chief Investigated for Suspected Tax Evasion ... privatised postal service is ready to strike next week after a fourth round of talks with the Verdi union broke down. Deutsche Post's head of personnel, Walter Scheurle, said that the company would continue talks if Verdi dropped a demand for no increase in working hours.
Scheurle said Verdi must make concessions to keep the group competitive, but a union spokesman called the management's stance "a deliberate incitement to conflict." Verdi is calling for a seven percent pay increase and a guarantee of employment for Deutsche Post workers until 2011. Deutsche Post is offering 5.5 percent over the next two years and the job guarantees, but wants an extra half-hour of work a week.
(Deutsche Welle)
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