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Steel Industry Germany

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BUSINESS
March 25, 1997 | From Times Wire Services
German industrial giants Fried. Hoesch-Krupp and Thyssen reached a breakthrough Monday in the effort to combine their steelmaking units and said there will be no hostile-takeover battle. The two companies said that on Thursday they will announce the details of plans for a joint venture that would create Europe's largest and the world's third-largest steel producer.
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BUSINESS
February 18, 1999 | Associated Press
Germany's biggest labor union agreed to a wage contract early today calling for a 3.6% pay increase, averting a strike in the powerful metal industry. After dozens of rounds of talks, IG Metall Union accepted the 3.6% hike. The new contract expires in a year. The union had been asking for 6.5%, saying workers deserve a share of the increased profits many companies reported last year.
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BUSINESS
February 22, 1993 | From Times Staff and Wire Reports
German Steel Firm in Trouble: Europe's worst postwar steel industry crisis may force Germany's No. 2 steel firm to quit the industry, its chairman said in an interview. But Gerhard Cromme, management board chairman of Fried Krupp AG Hoesch-Krupp, told Der Spiegel magazine he hoped to avoid such a move. Krupp said his company, which is also involved in engineering, might have to stop steel production, but added, "I hope . . . we can avoid such a step through decisive measures."
BUSINESS
March 25, 1997 | From Times Wire Services
German industrial giants Fried. Hoesch-Krupp and Thyssen reached a breakthrough Monday in the effort to combine their steelmaking units and said there will be no hostile-takeover battle. The two companies said that on Thursday they will announce the details of plans for a joint venture that would create Europe's largest and the world's third-largest steel producer.
NEWS
May 13, 1993 | From Associated Press
Germany's largest union threatened Wednesday to spread a metalworkers' strike across eastern Germany and said that 300,000 workers have rallied in solidarity throughout the country. Leaders of the IG Metall union were scheduled to resume contract talks with employers' representatives today. There were no signs of a speedy end to the walkout that was started May 3 to press for higher pay.
NEWS
May 18, 1993 | Times Staff Writer
Local union leadership in the eastern German state of Saxony-Anhalt voted Monday to accept a compromise draft settlement worked out late last week to end the 2-week-old strike in the region's metalworking industry, but intense deliberations elsewhere effectively delayed any definitive end to the dispute.
NEWS
May 15, 1993 | TYLER MARSHALL, TIMES STAFF WRITER
The first official strike in the former Communist eastern region of reunified Germany appeared to have ended Friday after metalworking industry employers agreed to meet a series of key union demands, including a 26% wage increase. The tentative agreement, reached after a marathon 21-hour negotiating session between union and employers' representatives in the large eastern state of Saxony, is expected to be quickly ratified, then accepted elsewhere.
NEWS
May 26, 1993 | From Times Staff and Wire Reports
Franz Steinkuehler resigned as chairman of the 3-million-strong German metalworkers union, IG Metall, in the wake of an insider trading scandal. Over a brief period in late March and early April, Steinkuehler bought thousands of Daimler-Benz shares on the eve of a major merger deal that, when announced, sharply boosted the value of the company's stock. His estimated profit was $100,000.
NEWS
May 11, 1993 | TYLER MARSHALL, TIMES STAFF WRITER
A week-old strike in eastern Germany's metalworking industry spread for the first time to the west Monday, with 20,000 workers at a Mercedes-Benz assembly plant in the southwestern city of Sindelfingen stopping work briefly to demonstrate solidarity with their eastern colleagues. The stoppage came as organizers from the giant metalworkers union IG Metall announced plans for wider token stoppages throughout the western region Wednesday.
NEWS
May 6, 1993 | Associated Press
The giant Krupp company announced Wednesday that it will close a money-losing steel mill in eastern Germany, a move likely to heighten tensions during a spreading metalworkers strike in the former Communist region. More than 30,000 workers have joined the strike to demand that employers bring their pay in line with western German levels. IG Metall, the country's largest union, said it ordered thousands more people to join picket lines today. Talks stalled late Tuesday.
NEWS
May 26, 1993 | From Times Staff and Wire Reports
Franz Steinkuehler resigned as chairman of the 3-million-strong German metalworkers union, IG Metall, in the wake of an insider trading scandal. Over a brief period in late March and early April, Steinkuehler bought thousands of Daimler-Benz shares on the eve of a major merger deal that, when announced, sharply boosted the value of the company's stock. His estimated profit was $100,000.
NEWS
May 18, 1993 | Times Staff Writer
Local union leadership in the eastern German state of Saxony-Anhalt voted Monday to accept a compromise draft settlement worked out late last week to end the 2-week-old strike in the region's metalworking industry, but intense deliberations elsewhere effectively delayed any definitive end to the dispute.
NEWS
May 15, 1993 | TYLER MARSHALL, TIMES STAFF WRITER
The first official strike in the former Communist eastern region of reunified Germany appeared to have ended Friday after metalworking industry employers agreed to meet a series of key union demands, including a 26% wage increase. The tentative agreement, reached after a marathon 21-hour negotiating session between union and employers' representatives in the large eastern state of Saxony, is expected to be quickly ratified, then accepted elsewhere.
NEWS
May 13, 1993 | From Associated Press
Germany's largest union threatened Wednesday to spread a metalworkers' strike across eastern Germany and said that 300,000 workers have rallied in solidarity throughout the country. Leaders of the IG Metall union were scheduled to resume contract talks with employers' representatives today. There were no signs of a speedy end to the walkout that was started May 3 to press for higher pay.
NEWS
May 11, 1993 | TYLER MARSHALL, TIMES STAFF WRITER
A week-old strike in eastern Germany's metalworking industry spread for the first time to the west Monday, with 20,000 workers at a Mercedes-Benz assembly plant in the southwestern city of Sindelfingen stopping work briefly to demonstrate solidarity with their eastern colleagues. The stoppage came as organizers from the giant metalworkers union IG Metall announced plans for wider token stoppages throughout the western region Wednesday.
NEWS
May 6, 1993 | Associated Press
The giant Krupp company announced Wednesday that it will close a money-losing steel mill in eastern Germany, a move likely to heighten tensions during a spreading metalworkers strike in the former Communist region. More than 30,000 workers have joined the strike to demand that employers bring their pay in line with western German levels. IG Metall, the country's largest union, said it ordered thousands more people to join picket lines today. Talks stalled late Tuesday.
BUSINESS
February 18, 1999 | Associated Press
Germany's biggest labor union agreed to a wage contract early today calling for a 3.6% pay increase, averting a strike in the powerful metal industry. After dozens of rounds of talks, IG Metall Union accepted the 3.6% hike. The new contract expires in a year. The union had been asking for 6.5%, saying workers deserve a share of the increased profits many companies reported last year.
NEWS
May 4, 1993 | TYLER MARSHALL, TIMES STAFF WRITER
Eastern Germany's first official strike in more than 60 years began Monday, bringing parts of the region's metalworking and steel industries to a halt and further dimming the prospects for economic recovery in the depressed former Communist area.
NEWS
May 4, 1993 | TYLER MARSHALL, TIMES STAFF WRITER
Eastern Germany's first official strike in more than 60 years began Monday, bringing parts of the region's metalworking and steel industries to a halt and further dimming the prospects for economic recovery in the depressed former Communist area.
BUSINESS
February 22, 1993 | From Times Staff and Wire Reports
German Steel Firm in Trouble: Europe's worst postwar steel industry crisis may force Germany's No. 2 steel firm to quit the industry, its chairman said in an interview. But Gerhard Cromme, management board chairman of Fried Krupp AG Hoesch-Krupp, told Der Spiegel magazine he hoped to avoid such a move. Krupp said his company, which is also involved in engineering, might have to stop steel production, but added, "I hope . . . we can avoid such a step through decisive measures."
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