Praktiker reaches agreement on cost-cutting

The DIY-superstore group Praktiker AG, Kirkel, Germany, reached agreement on a collective rescue wage agreement with the union ver.di on 26 October 2012, on the basis of which personnel costs for Praktiker will be reduced in Germany in each of the years 2012, 2013 and 2014 by €17.3m. The reduction in costs will be ...

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