Live from the floor of the Frankfurt Stock Exchange
Verdi asks Karstadt guarantees – advising the Tariff Commission
11.04 Clock: Once again, there will be cuts in the branch network at Karstadt. Therefore Verdi urges location and employment guarantee. The union called a concept without saving. The situation before the next tariff talks is stretched. Given five further branch closures Verdi demands of Karstadt a location and employment guarantee.
“In theory, more houses closures would be possible at all times. For this reason, we urge the collective bargaining at a location and employment guarantee for all the houses,” said Arno Peukes, Verdi representatives on the supervisory board of Karstadt, the Dortmunder “Ruhr News “.
“The concept loosely Save must end,” he underlined. The Karstadt stores would need time to prove himself with promising concepts on the market. He called it a mistake to close more stores.
Given the development came the bargaining committee of the union on Wednesday for consultations together to discuss how to proceed. (15 and May / 10.00) in Frankfurt, it was decided, among other things, collective bargaining, despite the tense situation on Friday to continue.
Volkswagen core brand further in April with negative
10.52 Clock: The auto-core brand in the VW -Konzern has again retracted a drop in sales in April this year. Compared to last year the number of vehicles delivered fell by 4.8 percent to 496 100 pieces, as Europe’s largest car maker announced on Wednesday. The carmaker recorded for months negative numbers when car sales.
In the first four months the business, especially in Europe have tightened, but the global market is not uniform. In Europe, car sales rose in this period by 2.5 percent to 580,000 cars. “Above all, Russia and the South American region need further our full attention”, the Director of Sales and Marketing, Christian Klingler said. In total, sales declined in the first four months of 2.02 million to 1.98 million vehicles. VW Passenger Cars had last year delivered 6.12 million vehicles worldwide to customers and therefore cracked the first time the six-million-year mark.
resurgent Euro pushes Dax into the red
9.54 Clock: The continued strength of the euro has burdened the German stock market also on Thursday. The Dax fell in early trading on holiday Ascension to 0.87 percent to 11,252.37 points.
For the index of medium-sized values MDax was about 0.87 percent to 20,120.41 points down and the TecDax of technology stocks lost 0.64 percent to 1646.26 points. The Euro Stoxx 50 index of the euro zone as a lost 0.75 percent.
The rise in yields on the bond market makes shares compared progressively less attractive. The appreciation of the euro could also be just for export-oriented companies to load, as their goods become more expensive outside the euro zone.
Lufthansa labor dispute: The hope of a solution grows
09.17 Clock: In so far toughest labor dispute the company’s history, Lufthansa and the pilots’ union control Vereinigung Cockpit (VC ) towards a solution. The VC was ready to the overall settlement offered by the Group. “Now you have a swift arbitrator found, the details and contents are adapted to the arbitration,” said VC spokesman Markus Wahl. Until the end of July should be explored with Lufthansa ways to solve the various conflicts. From the beginning of the arbitration until the end of July the VC renounce strikes.
Lufthansa welcomed the decision. You’ll quickly go to the union to discuss details such as the exact schedule, said a Lufthansa spokesman. Lufthansa CEO Carsten Spohr had the VC the total settlement to the shareholders’ meeting in late April offered. Since April 2014, there had been twelve strike laps, which cost the company claims to more than 300 million euros.
According to the company are with the VC six collective agreements open, including the content, the transitional pension and the occupational pensions of approximately 5400 pilots of companies Lufthansa, Lufthansa Cargo and German Wings. Only the treaties to the barely affordable pension commitments had been canceled by Lufthansa. Background is also the controversial introduction of new low-cost platform Euro Wings, which is criticized by the VC, but can not be the subject of collective bargaining as a business decision.
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