Word: luxembourger
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...Every European country has works councils in one form or another, but only five-Germany, Luxembourg, Denmark, Greece and the Netherlands-offer employees a say in corporate decisions. And Germany goes the furthest, giving workers in companies with five or more employees specific input regarding hiring, firing, work hours and even the introduction of new technologies...
Three men, six interlocking hands, one mother of a steel company. That's the image Jos? Ram?n Alvarez Rendueles, Joseph Kinsch and Francis Mer presented in Brussels last week when they announced that the three companies they manage-Spain's Aceralia, Luxembourg's Arbed and France's Usinor-were forging one $30 billion-a-year monster that will crank out 46 million tons of steel in 2002. The new company, which has yet to be named, will be the world's largest, dwarfing the previous No. 1, Japan's Nippon Steel, which turned out 28 million tons last year...
...Bankers claim they set a new precedent in forging this cross-border company two years before the European Commission is expected to pass Continent-wide bylaws for running merged businesses. One reason the new firm will be based in Luxembourg is that its laws regarding management structures are more in line with the E.U.'s expected guidelines. Yet the deal didn't need that advantage to make sense. "For something like this to work, each party has to have a good view of the strategies the other will pursue for the next five years," says Jacques de Balasy...
...confirmation hearings that if confirmed as attorney general he would "not make sexual orientation a matter to be considered in hiring or firing," but many of his opponents have strongly questioned that commitment. Among the most notable skeptics is James Hormel, the openly gay former U.S. ambassador to Luxembourg, whose 1997 nomination was stymied by resistance led by Ashcroft - resistance Democrats maintain was related to Hormel's sexuality. After weeks of silence, Hormel now actively opposes Ashcroft's nomination, saying, "I am extremely disturbed that he was nominated for this very sensitive post, and it concerns me greatly that...
...helped defeat James Hormel's nomination to be ambassador to Luxembourg because Hormel is openly gay, arguing Hormel would promote a sinful lifestyle...