Berlin -- A deal by
DaimlerChrysler AG workers to extend working hours, following a similar move by industrial group Siemens AG, clears the way for more open deals in Germany's collective wage system, analysts said yesterday. The agreement, which came amid growing pressure on workers in Western Europe to accept longer working hours to stop jobs being transferred to cheaper locations, was welcomed by political, industry and union leaders. But there were also warnings that it could pave the way for disruptions of Germany's relatively harmonious labour relations. DCX (NYSE) fell 64 cents (U.S.) to $44.01.
Reuters