Labour costs a problem for EU carmakers - Brussels

Newswire

By Jeff Mason BRUSSELS, Nov 25 (Reuters) - Labour costs pose an increasingly serious problem for some European carmakers in a sector whose productivity lags that of rivals in the United States and Japan, the European Commission said on Thursday. The EU executive's 2004 competitiveness report said EU carmakers' solid exports and global sales highlighted the industry's strength and said their presence in Russia and China represented a "promising source of future growth and profits". But ...

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