Word: müller
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Dates: during 2001-2001
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...year history, bankruptcy loomed closer last week after management and unions failed to agree on a plan that would cut 550 jobs now and 900 through attrition. "Everybody has to know that the only alternative to the business plan is the closure of the company," said ceo Christoph M?ller. Sabena will hold a vote of its workers this week in an effort to win approval for the rescue plan. Swissair agreed earlier this year to give Sabena $227 million, or 60% of a promised cash injection, with the rest provided by the Belgian government. The deal is contingent on employees...
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