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Business Words in the News
Friday 03 May 2002
Vocabulary from the business news. Listen to and read the report then find explanations of difficult words below.

 German strike
Strike action in Germany
Summary: Leaders of Germany's largest industrial Union I G Metall have approved the vote of the members to begin strike action on Monday in the south of the country in pursuit of a six point five percent pay claim. This report from Rob Broomby:
  
The NewsListen 
 It will be the first strike of its kind in seven years. Ninety per cent of workers polled in Baden-Wuerttemberg, Germany's prosperous south western state, voted for action, a decision now endorsed by their leaders. Twenty one plants will stop work on Monday and 50,000 workers are expected to down tools.

The companies to be targeted have not been named, but the giants of German industry are likely to be affected - car makers Daimler Chrysler, and Porsche to name but two.

Employers' leaders have accused the unions of being "irresponsible". The union leader Klaus Zwickel of I G Metall blamed the employers alone for worsening the conflict and he warned them not to respond with lock-outs. That option has not been fully excluded.

A period of industrial unrest won't help Chancellor Gerhard Schroeder's re-election chances. He needs to reassure his core trade union support but he can't risk alienating potential swing voters. His party-less Economics Minister Werner Mueller, said recently "strikes were inappropriate in a time of developing recovery".

But the union has clout. A four month strike in the 1950's won a generous sick pay deal. In 1984 a bitter strike led to locks-outs but secured the union the 35 hour week. But a drawn-out strike is the last thing Chancellor Schroeder needs and the pressure will be on both sides to reach a deal.

Rob Broomby, BBC

 

  
The WordsListen
 
 polled
asked for their views

 
  
 prosperous
wealthy

 
  
 endorsed
approved

 
  
 to down tools
to stop work

 
  
 lock-outs
lock-outs happen when people are prevented from going to work

 
  
 excluded
ruled out

 
  
 swing voters
those people who are likely to switch their support from party to party depending on circumstances

 
  
 clout
power

 
  
 drawn-out
lengthy

 
  
 Read more about this story 
 
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