Word: contracting
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...raising anxiety inside the union. Chrysler is expected to get $6 billion in new federal aid as it steps out of bankruptcy court, but Chrysler/Fiat is obligated to steer just $381 million into the VEBA next year. One possible save: in a little-noted facet of the new labor contract with Fiat, the VEBA can sell its shares to the Italian automaker via a private sale in the not-too-distant future. The price hasn't been negotiated yet, but the planning is already under way. "We'll have to sell the stock to fund the VEBA," says Gettelfinger...
Where have you been? Well, I thought I was going to give up music. I wanted to put all my creative energy into painting and filmmaking. I felt smothered and controlled by not only my contract and record label, but just the way that you have to deal with being objectified as a product...
...Westphalia and Bavaria, and eastern states such as Saxony and Thuringia. The teachers are demanding less stressful working conditions in the country's state-run kindergartens (which cater to children from the age of 2 or, in some states, age 1) and are calling for a new "health-protection contract." The industrial action is being organized by public-sector union Verdi and the GEW education union, which says that teachers are overburdened with red tape and suffer from health problems caused by their jobs. "Teachers have to cope with large groups of children - in some cases there are two teachers...
...financial crisis hit trade-dependent Taiwan especially hard. Exports in April plunged a staggering 34% from the same month in 2008 - the sixth consecutive monthly double-digit decline - as demand for the island's computer and electronic equipment shriveled in the U.S. and Europe. The government expects GDP to contract 3% in 2009; some private estimates predict worse. The severity of the crisis brought new urgency to the effort to improve ties with China in order to capitalize on one of the world's few remaining sources of growth. "If we had not opened up to the mainland, we would...
...coax back skittish tourists. Twenty Mexican hotel chains - including Zoëtry Wellness and Spa Resorts, Secrets and Dreams Resorts and Spas, Azul Hotels, El Dorado Spa Resorts and Hotels and Real Resorts - have instituted a "flu-free guarantee" that promises guests an H1N1-free vacation. If you do contract the virus, you'll get your next three yearly vacations free. (Almost makes catching swine flu seem worth it.) The guarantee is valid for trips booked before June 30, for stays until Dec. 20. Rates start at $171 per person per night at El Dorado, all meals included, and range...