Daimler's German bus workers agree to work longer

Newswire

FRANKFURT, July 30 (Reuters) - Workers at DaimlerChrysler AG's European bus division will work longer hours in return for job security in a deal that cuts labour costs by 10 million euros ($12 million) a year, the company said on Friday. The accord clinched on Friday is the latest in a series of pacts designed to boost German companies' competitiveness. The deal at Daimler will preserve 3,800 jobs at its EvoBus plant in Ulm/Neu-Ulm through the end of 2008, the company said in a statement. ...

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