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International Outlook: Global Wrapup


In what may turn out to be a harbinger of change in German industrial relations, DAG, a union representing 15% of Lufthansa's 60,000 workers, has offered to take up to an 8% pay cut and increase its workweek to save jobs. The offer comes after the majority state-owned carrier announced $360 million in losses for the first half of 1992 and said it would cut over 3,000 jobs. Lufthansa may not be able to take the union up on its offer unless its other, much bigger union, the OTV, agrees to similar terms. Meanwhile Lufthansa's board has agreed to 10% pay cuts.Edited by Stanley Reed

The Aging of Abercrombie & Fitch
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