Word: plan
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...German unions had always supported Austrian-Canadian company Magna International's takeover of GM Europe, wary that the rival bid from Fiat was just an attempt, as one union official put it, to "pinch German engineering." The unions regard Magna as an innovative company that put forward the best plan to secure the long-term future of Opel. At the carmaker's headquarters in the town of Rüsselsheim near Frankfurt, workers were hugging friends and colleagues outside the factory on Saturday when news of the deal broke. Many were surprised the German government finally stepped in to save...
...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...
...Rumor reported as fact is an epidemic in Pakistan. Very recently the English-language daily the News ran the front-page headline PLANS READY TO TAKE OUT PAK NUCLEAR ARSENAL. The unbylined story, about a secret U.S. commando force tasked with infiltrating Pakistan to secure its nuclear weapons, was based on a Fox News online report describing a worst-case-scenario contingency plan should Pakistan be taken over by extremists. There were no named sources in the News story, and much of the reporting depended on e-mailed comments to the website. Nevertheless, it fueled hysterical discussions on TV chat...
...Richard Holbrooke, the U.S. envoy to the region, is working on a media plan for Pakistan. It aims to develop the government's ability to disseminate information via new technologies such as cell phones. The idea is not to promote propaganda but to facilitate public-service messages, like emergency information or registration for refugees. The plan also allows for training government officials to become more open press officers, and to fund independent radio stations to counter those run by extremists. All this is good, but it's not enough. Pakistan's press needs to take a hard look at itself...
...health care of thousands of retired autoworkers is about to change: on May 29 the membership of the United Auto Workers overwhelmingly approved a restructuring plan with GM, according to UAW president Ron Gettelfinger. The plan gives the union's health-care vehicle some promissory notes, plus a 17.5% stake in GM and warrants to purchase another 2.5%. (See TIME's photo-essay "General Motors Factory-scapes...