Siemens is one of the first companies in Germany to reach a framework agreement with its Central Works Council on uniform provisions in the event of reductions in working hours. Regardless of the extent to which reduced working hours may be implemented, Siemens guarantees that all affected employees in Germany will receive at least 85 percent of their most recent net income. "The rules relating to reduced working hours in Germany have now been clearly defined. We're taking a responsible approach to the matter. Working-hour cutbacks are a key measure which enables us to retain employees even in difficult times,"
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