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Hope for KarstadtQuelle (Karstadt-Quelle und Verdi nahern sich an).
(From Die Welt)
Negotiations between KarstadtQuelle, the ailing German department store and mail order group, and German trade union Verdi are reported to have made progress over the weekend. Employee representatives and executives met in Berlin yesterday to discuss details of the next round of negotiations, scheduled for this week.
Company sources revealed yesterday that negotiations have been successful, but did not give further details. Management is planning to sell 77 of Karstadt's 181 ...
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