Word: franz
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...relieved that at the last minute Opel and GM Europe were ring-fenced from the Chapter 11 bankruptcy in the U.S.," Klaus Franz, the head of Opel's works council tells TIME. "Of course I'm also worried about my U.S. friends, but I'm happy the bridge financing plan for Opel has worked out and all GM's European assets have been guaranteed," he says. But despite the German relief, major sacrifices among GM Europe's 55,000 workforce are unavoidable in the coming months. (See pictures of General Motors Factory-scapes...
...driving seat during the negotiations, politicians and trade unions in other European countries are concerned the new investor Magna, along with its Russian partners, will protect German jobs at the expense of other jobs. "There are going to be more tough negotiations with GM Europe and Magna," says Klaus Franz, the head of Opel's works council. "A very stony road lies ahead of us. Jobs will be cut, but we hope we can prevent forced redundancies and plant closures," he says. (See the 50 worst cars of all time...
...leaders insist other European countries will play a role in future negotiations with Magna over the restructuring. "We need a pan-European solution and I'm sure other European countries will come up with loan guarantees in the future when the new group under Magna is reshaped," says Klaus Franz. But it could be months before GM's workers in Europe find out what its new owners have in store for them...
...gallery at the Art Institute of Chicago, there's a painting from 1913 by the German Expressionist Franz Marc called The Bewitched Mill. A waterfall spills down the center of the canvas between a scene of machines and houses on one side and trees and animals on the other. It's a fantasy of magical reconciliation between the natural and man-made worlds - always a nice trick...
...country whose Economics Minister is named Karl-Theodor Maria Nikolaus Johann Jacob Philipp Franz Freiherr zu Guttenberg, the verdict seems illogical. But on Tuesday, Germany's Federal Constitutional Court rejected a woman's appeal to go by her new married name, Frieda Rosemarie Thalheim-Kunz-Hallstein, arguing that the name is too long...