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Pension Pain for Multinationals

September 3, 2004
Related Topics: Managing International Operations, Retirement/Pensions, Featured Article, Compensation
Aggrieved workers are taking to the streets in Toulouse, Milan and Berlin to protest proposed reforms in Europe's troubled public pension systems. European governments, in turn, are looking to private employers, including U.S.-based multinationals, to assume more responsibility for retirement costs. Consultants warn that the demographic time bomb in Europe may increase labor costs to the point where it could become difficult to do business in some countries at all.
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