MaxedOutMama
Tuesday, October 26, 2004
What's good for GM is good for Germany?
Is the End Nigh for Opel? | Business & Economics | Deutsche Welle |
Ayiyi. Opel is saying now that it might have to cut a third of its workforce! I think it's a threat floated to obtain easy passage of GM's move to create a new GM subsidiary based in Brussels, into which all their European companies would be folded. By labor rules, I believe that this would change the legal protections for the workers in Germany. There has got to be more to this story.
The German growth rate for this year was updated to 1.8, but for 2005 is now projected to be 1.7. Obviously all this news does not promise a reduction in Germany's 10.5% unemployment rate.
Ayiyi. Opel is saying now that it might have to cut a third of its workforce! I think it's a threat floated to obtain easy passage of GM's move to create a new GM subsidiary based in Brussels, into which all their European companies would be folded. By labor rules, I believe that this would change the legal protections for the workers in Germany. There has got to be more to this story.
The German growth rate for this year was updated to 1.8, but for 2005 is now projected to be 1.7. Obviously all this news does not promise a reduction in Germany's 10.5% unemployment rate.
