Word: karstadt
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...demanded worker concessions at their own factories. DaimlerChrysler threatened to move 6,000 jobs if workers at its Mercedes factories didn't swallow a €500 million cost-cutting package. Workers walked off the job at first, but agreed to the deal last week. The German department-store chain Karstadt-Quelle last week asked its 47,000 employees to work up to five extra hours a week without additional pay; the union said it suspected "concerted action" by employers to extend working hours. Travel operator Thomas Cook boosted hours for its employees in Germany from 38.5 to 40 per week...
...According to the terms of Germany's reunification treaty, such property was not required to be returned to its former owner. In 2001, a Berlin court handed down the most authoritative ruling to date, awarding all the property to the Claims Conference, saying that it, rather than Karstadt, represented the former Wertheim owners. That decision prompted appeals by both Karstadt and the government; three rounds of settlement negotiations last fall broke down and have yet to resume...
...documents obtained by TIME show that, even as courts were trying to sort out the ownership issues, German authorities made several deals with Karstadt or firms now owned by it, handing over at least €200 million in Wertheim property and cash. Among the transactions: Berlin authorities gave a triangle of land in central Berlin next to Potsdamer Platz to the retailer for free, on the understanding that it would build a corporate headquarters on it. The company promptly sold the land for about €150 million. The federal government allowed Karstadt to keep for almost a decade about...
...KarstadtQuelle, Germany's biggest retailer, which now owns the property. The case threatens a 1999 accord designed to settle all Holocaust-related claims against German firms; the Wertheims argue their case isn't covered because it involves an alleged swindle after the war. Germany's U.S. ambassador sides with Karstadt, saying the case will "endanger the legal peace." But Stuart Eizenstat, the former U.S. official who brokered the €5 billion Holocaust deal, takes the family's side. A ruling could come this month. - By Peter Gumbel...
Other kiosks are being tested at seven CVS drugstores in Boston. In September a kiosk was shown at the Photokina trade fair in Cologne, Germany, and a test model is being rolled out this month at the department store Karstadt-Oberpollinger in Munich. Applied Science Fiction plans to begin mass production next year and hopes to turn a profit by mid-2004. Though some 23 million digital cameras will be sold this year--nearly double the amount in 2000--the company is confident that film won't expire anytime soon. By year-end, there will be more than a billion...