tv Business - News Deutsche Welle April 24, 2018 1:15pm-1:31pm CEST
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. philosopher and pop star a doer and despised karl marx icon of communism a man whose ideas changed the world but also divided how room of and is he today and what influence does he have on politics and general culture on his two hundredth birthday karl marx and arts twenty one special and the documentary march into his ears g.w. . it was a disaster that showed the world the gruesome working conditions in the garment industry the collapse of a factory in iran a plaza complex in dhaka killed more than a thousand workers five years on we take a look at some of the pain that all go away and workers at the opel plant in ours and after many face cuts as their new all. when friends tighten the belt. i'm
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christopher kober and this is the business today marks five years since the rana plaza disaster in bangladesh the collapse of a multi-story building killing over eleven hundred garment workers showed a painful lights on working conditions in the industry the accident brands unions and the government set up initiatives to improve factory safety but despite some financial compensation many victims of the rana plaza disaster feel about it. every step hurt and she hasn't been able to walk without crutches for five years. niloufer begg was working as a seamstress at ronna plaza when the nine story building collapsed pinning her legs under the rubble for ten hours the compensation she received thirty five hundred euros wasn't enough to cover her multiple operations her family has had to scrimp and save. what i want compensation from the government none of the affected workers
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have been properly compensated they give us hardly anything what happened to all the aid money that came from abroad we need that money. there was a powerful outcry from the international community after the disaster working conditions in bangladesh improved a bit for the garment workers the owners addressed safety issues and improve the structural integrity benton's month from in kota clean clothes campaign says that another round of plans a could happen at any time in bangladesh although there has been some progress kind of. foot there's no way all the factories in bangladesh are party to this agreement and not all the hazards have been sorted but there's been some serious progress on safety it's much safer than the year run a plaza collapsed it covers structural safety fire safety and it's partly due to the fact that the buyers had to fork out along with the suppliers to ensure the
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safety regulations are enforced. the textile industry freely decides whether or not to produce sustainably or offer fair working conditions germany's development ministry set up the textile partnership following the run a plaza disaster but only fifty percent of german textile companies are members of the agreement on factory structural safety and seen a few days but one signature is missing from the follow up agreement that of the bangladeshi government. and activists also want it to be obligatory for employers to give their employees accident insurance cover. so that people like needle for big don't have financial worries to add to their problems. from bangladesh to france for automaker p.s.a. saw an increase in sales in the first quarter revenue was up over forty percent
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thanks to additional sales coming in from the new p.s. a brand opel the german automaker has failed to make a profit for more than fifteen years and its performance under p.s.a. has not improved now the parent company plans cuts and opel workers and officials are vowing not to take. company transports continue to arrive at opal's factory in eisenach but that could change soon opals french owner p.s.a. is looking to cut ships and reduce its workforce by eight hundred employees about half the workforce here a potential disaster for eyes and the suv of it to you but this will be catastrophic for the region because it affects not only opel but a number of suppliers sized those eight hundred jobs don't reflect the whole picture. it'll also affect the city the central shopping district. the local economy will collapse because there won't be any money that'll happen if they lay off those eight hundred people it's tragic. posted losses for
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two decades under its previous owner g.m. new owner p.s.a. is looking to make opel more competitive that was the goal announced in two thousand and seventeen. is this our clear plan is to cut out forced redundancies we want to keep our existing plants in europe and modernize them. as well as develop a plan to make each location competitive. these commitments however don't seem to apply to eisenach for mayor conti of all this about face from p.s.a. comes as a surprise. yeah we expect t.s.a. to keep its promises to uphold the collective wage agreements and honor the investments they pledged to us and off. higher wage agreements negotiated between the metal workers union and g.m. coupled with recent salary hikes of three point seven percent make it harder to
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restructure opel industry experts fed anon didn't have warns that opel plants could be in jeopardy human done. i don't see how the p.s.a. group which is used to working with large plants will be able to deal with the higher wage structures coming into place with these two plants the threat for eisenach and loughton has never been as big as it is now. the opel crisis and eisenach comes during a period of robust economic growth regionally and there are some three thousand job they can seize perhaps one small consolation for opel employees here. think it was a lot of this here was a gentleman and from a business you know initially they made a lot of commitments to opel jobs bill plans now is something has to give the demands more sacrifices how did we come here how do we get here well clearly p.s.a. has decided that business as usual isn't going to be an option if the business is
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failing but you know what this is a problem that could get worse the irony of the drive to reduce costs by cutting jobs and working hours is that the people who can go voluntarily are going and they tend to be the highly skilled people that are relevant to the future strategy of a company those are the people that have skills that make them attractive on the market you're engineers are taxed nationalists so this labor dispute could turn into a talent gap and that could hurt competitiveness and speaking of strategy acquired opel last year ever since then has there been a strategy for opel and still what does to look like p.s.a. in general is looking to solidify its return to the north american market while trying to improve performance and its emerging markets but for opel itself is guided by the strategy of developing new models of a push into electrification and this rigorous cost cutting that we keep hearing about now the strategy is called pace and but the main goal of course is to remain . the return to profitability so it's not only looking into restructuring the
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workforce it's also counseling dealership contracts all over europe around sixteen hundred dealers dealerships will be affected so this also has the potential to affect thousands of jobs so the strategy seems to be that there will be a lot of pain now but hopefully payoffs later and we have to keep in mind that opel has not turned a profit in more than fifteen years here now we see a jump in revenue a revenue in the first quarter on the back of the acquisition is this still a good buy that p.s.a. did there well let's not forget it's only been six months and it's hard to pronounce this as a market payoff for p.s.a. as. and integrating opal that's supposed to be a project of maybe two to three years at least that would be normal so a lot really depends on how much the virus make headway with regard to negotiating with the labor unions he is known for a tough negotiation with the labor unions that's where his success comes from and of course whether opel manages to make
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a big business in the very important markets like china the good news in such a market is that they like german cars but well they have electric to offer the chinese market so a lot of opals future success will depend on you know them and for me to be a business thank you. staying in the automotive sector v.w. and it's chinese joint venture partners plan to invest fifteen billion euros into the development of electric cars that's all going to take place over the next four years according to fox wagon c o have a decent at the beijing motor show at first you w. it wants to introduce a small electric s.u.v. to the market have to have a range of over three hundred kilometers on a single charge according to the company starting in twenty nine t. every tenth car produced in china has to be an alternative fuel vehicle. the u.s. china trade dispute is weighing on the minds of executives here in germany and with the mythology of data collection revised the business confidence index has now
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fallen for the fifth consecutive month according to economic research institute at the drop was also bigger than expected business leaders are less optimistic about their current situation and the outlook for the next six months many are concerned about how they could be affected by the trade spat between the united states and china. and let's get more from conrad burns is standing by the frankfurt stock exchange calm of the upbeat mood among germany's executives is evaporating the head of the institute says what's the word on the trading floor. well here too the mood has evaporated somewhat the business climate has come down not only in germany's manufacturing and construction sectors but also in the services sector in april for the first time the in-situ included the german services sector in this index for the people here on the trading floor this means that the choppiness business
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sentiment and economic data from the first quarter might be lingering might be continuing into this current second quarter and not only here in germany from france from paris the in say in situ for ported that the clean mud is a fair the business climate in france has come down as well all this is having a negative effect effect on our currency the euro has lost significantly this morning. thank you. and that wraps up our show for now thanks for the company or more simply follow us on social media i will have a fresh update for you here in forty five minutes before you go here's a quick check on global markets at the south.
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