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Strategies & Market Trends : Natural Resource Stocks
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To: c.hinton who wrote (11414)5/18/2004 1:42:09 AM
From: elmatador  Read Replies (2) of 108588
 
35-hour week a disaster in Germany too! Siemens came to a facility and said: There are jobs for 40 hour week and no jobs for 35-hour week.

The 220 employees accepted the 40-hour week. Had they not, the facility would've been cclosed and their jobs shipped to Hungary.

Now they are back to work like they used to do 21 years ago when after a long strike companies agreed to shot the work week to 35 hours.

Coutries like India, Brazil and many African states, have their governing elite living abroad. This is going to be more so as the condititons deteriorate.
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