Word: laborities
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...with Senator John Kerry last week. While the rest of the political world obsessed about the dive his campaign has taken in the past month, the growing doubts inside his party about his performance on the stump and a campaign clock that seems to be ticking faster now that Labor Day has come and gone, the Democratic nominee tried to present a picture of unworried resolve when he sat down in his campaign plane for a half-hour interview with TIME last Friday afternoon...
...India's labor troubles; Chinese Marlboros; global cell phones; and more...
...India's Labor Pains...
...after heavy losses for the same period last year, a sign that German banks can succeed by cutting excess retail staff and pruning bad debt. Media companies like Axel Springer, publisher of Bild and Die Welt, are bouncing back from a crippling advertising drought. Companies are winning important labor concessions. Siemens just sealed deals with workers in two of its mobile-phone factories to increase the workweek from 35 to 40 hours--with no increase in pay. And DaimlerChrysler won $600 million in wage concessions from its workers after threatening to move 6,000 Mercedes-Benz factory jobs from...
...that the assets of embattled oil major Yukos would soon be sold off in a transparent, legal way; Gazpromneft seems likely to take the spoils. Luxury Goody Two-Shoes N o loafing here: Gucci has agreed to become the first luxury fashion house to abide by a stringent voluntary labor code, the company confirmed last week to TIME. The leather and apparel firm, a division of France 's Pinault-Printemps-Redoute, pledged earlier this month that Gucci headquarters outside Florence and a nearby production oversight facility will soon face regular audits to see that they meet international standards of proper...