Still to boost earnings with worker agreement

News Story
- 8 Sep 2005 ( #225 ) - WIESBADEN, Germany
1 min read
The management of Still Gmbh, a Linde subsidiary, has finalised an agreement with employee representatives for its German sites, which it says will boost its earning power.

The agreement consists of measures to increase flexibility in working hours and convert regular wage and salary payments into performance-related payments, and an employee obligation to participate in optimisation projects.

Employees receive a six-year guarantee that Still's current German production sites will not close and jobs will not be offshored to Eastern Europe.

If substantial, long-term changes occur in the economic and operational environment, the agreement, to be effective in stages, may be terminated.

Linde concluded a similar agreement for the German sites of its materials handling unit in late July (Forkliftaction.com News #220).
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Did you know that Forkliftaction’s unique pricing system is strategically designed to drive stronger B2B advertising outcomes?
With discounts for repeats and volume, you can maximise reach and reinforce consistency over time. New advertisers receive further savings with our first-time advertiser discount.
Ask about which B2B discounts apply to you, and how you can use them to your advertising advantage.

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Inside The News
In this week’s Forkliftaction News , we report on an activist investment firm increasing its stake in Toyota Industries Corp (TICO), in a bid to stop the privatisation of the materials handling equipment manufacturer... Continue reading

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