Porsche won't confirm jobs pact "at the moment"

Newswire

FRANKFURT, June 22 (Reuters) - Luxury carmaker Porsche declined to confirm "at the moment" a report on Wednesday that it had struck a deal with staff to secure German jobs in return for concessions on working hours. German business daily Handelsblatt quoted sources close to the negotiations as saying Porsche had agreed longer and more flexible working times with its works council in exchange for job guarantees until 2010. The paper said the deal would be announced at an employee meeting ...

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