Word: jobses
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GM's decision to back out of the sale of its European operations this week was a huge embarrassment for German Chancellor Angela Merkel. She had thrown her weight behind the bid by the Canadian-Austrian car-parts maker Magna and its Russian partner, Sberbank, to buy Opel and Vauxhall...
Opel workers ratcheted up the pressure on GM by going on strike on Thursday. "It's a black day for Opel," says Klaus Franz, leader of the company's works council. "The strikes will start in Germany, and then they'll spread across Europe on Friday." Thousands of workers gathered...
Franz said two Opel factories in Germany and one in Belgium are now threatened with closure under GM's new restructuring plan. In the negotiations with Magna, the unions had won promises from the company that all four Opel factories in Germany would remain open, despite the fact that it...
The U.N. estimates that some 200,000 Colombians are indeed in neighboring Venezuela as war refugees. But as many as 75% of the more than 3 million to 4 million Colombians living there moved for economic reasons. Juan Carlos Tanus, president of the Association of Colombians in Venezuela, says Venezuela...
Now comes the fun part for E.U. watchers and anyone interested in political intrigue: Who will get the top jobs in Brussels now that the big reform treaty is in place? Fredrik Reinfeldt, the Prime Minister of Sweden, which currently holds the rotating E.U. presidency, has already begun a round...