German govt welcomes Daimler agreement

Newswire

BERLIN, July 23 (Reuters) - German Economy Minister Wolfgang Clement said on Friday DaimlerChrysler's agreement with the IG Metall Union on cost cuts was good for the country's economy. "It is good that an agreement was achieved at DaimlerChrysler," Clement's spokeswoman Andrea Weinert said, welcoming that further strikes had been prevented. "It is good for Germany too." The company said earlier the works council agreed to 500 million euros ($613 million) of cost cuts annually at its ...

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