Word: gm
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...Europe having such a hard time creating jobs? Ask Svatoslav Kodytek and Tomas Lenc, two florists from southern Bohemia in the Czech Republic. Soon after their country joined the European Union last May, they tried to open two shops across the Austrian border, in the quaint medieval townlet of Gmünd and in nearby Waidhofen. They planned to hire locals, but ran into roadblocks from the very start. First, Gmünd's labor office told them bluntly that no more flower shops were needed in the area. Undeterred, they set up their stores. Authorities then took two months...
...Lenc are nursing their wounds. Lenc is still fuming over a six-page letter from the Austrian Labor Ministry explaining why it is refusing his request for a florist's license - and informing him that he can appeal the decision for a fee of ?180. The mayor of Gmünd, Otto Opelka, who says his town is keen for new business blood, blames teething troubles; this was the first time a Czech firm had opened in the area. "In the future, things will run more smoothly," he says. "I think it will be much easier for the next people...
...GM North America is, simply put, our 800-lb. gorilla...
...works, he says, Welt will expand into Canada, Latin America and anywhere else where German speakers are desperate for a dose of Deutsch. - By William Boston End Of The Road General Motors agreed to pay Fiat €1.55 billion to terminate a "put" option that could have forced GM to acquire the Italian firm's debt-laden auto division. The companies also unwound some of the their joint-venture agreements. Four days later, Fiat ousted Herbert Demel, its car unit...
...local taste; its restaurants serve Kiwi burgers in New Zealand and wine in France. But that hasn't prevented the fast-food chain from being a favorite target of French protesters. And General Motors has for decades made cars in Germany under the German brand Opel. But when GM last fall moved to stem years of heavy losses at its European operations by cutting 12,000 jobs, about 20% of the work force, the newsweekly Stern ran a cover depicting an American cowboy boot decorated with the Stars and Stripes stomping on German workers...