Do More With Reuters
Partner Services

Dutch govt clears Corus work time cuts from Jan

Fri Jan 2, 2009 9:38am IST
 
Email | Print | | Single Page
[-] Text [+]

AMSTERDAM (Reuters) - Tata Steel unit Corus has won government approval to cut the work hours of thousands of Dutch staff for six weeks beginning in January, the company said on Tuesday.

The total number of hours cut will add up to the equivalent of 1,100 full-time jobs over the six-week period, Corus said.

Corus had applied in early December for the Dutch government scheme, which pays part of the affected workers' unemployment benefits.

A Corus spokesman said at the time that the reduction would be spread across 6,400 workers who would each work one day less per week over six weeks.

Russian Finance Minister Alexey Kudrin poses with his G20 colleagues and central bank leaders during the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland. REUTERS/POOL New
Pledge to support economies

G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured.  Full Article | Related Story 

special coverage

Photo
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.  Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SHOWCASE

Sanjay Sinha
Balancing Act

In India, it is a tough choice between growth, managing inflation and financial stability.  Full Article 

 
Nipun Mehta
Road to Recovery

There needs to be an acceptable balance created between education and healthcare and infrastructure spend, says Nipun Mehta of SG Private Banking.   Full Article 

 
Robot Asimo

Snapshots of Honda Motor's humanoid robot Asimo  Slideshow 

 
Marketing Strategy
Marketing Strategy

Companies are now using direct marketing methods to sell their products.  Full Article 

 
Exit Plans
Exit Plans

Factbox - Stimulus exit plans for Asia-Pacific's big 5 economies  Full Article