Siemens deal paves way to longer German work week

Newswire

By Katie Allen BERLIN, June 28 (Reuters) - A deal to lengthen working hours at industrial giant Siemens AG could set a precedent for other German firms that would boost competitiveness and -- in the medium term -- help create new jobs, economists said on Monday. After threatening to move 2,000 jobs to Hungary, Siemens agreed with Germany's largest industrial union IG Metall last week to lengthen the working week to 40 hours from 35 without raising wages at two mobile phone handset ...

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