France: three in four unions signed the recovery agreement at GM Strasbourg

Publication

23 July 2010 à 10h45

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2 minutes

Publication: 23 July 2010 à 10h45

Reading time: 2 minutes

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Except the CGT, all unions signed, today, Friday, July 23, the recovery agreement approved by the employees last Monday within the framework of an internal referendum. Put up for sale by General Motors in 2008, the site now belongs to Motors Liquidation Company (MLC), in charge of selling the American carmaker’s assets. General Motors, which started making profit again in the first 2010 quarter, proposed, on July 16th, to buy the factory back in exchange for a 10% cut in production costs.
Publication

23 July 2010 à 10h45

Reading time

2 minutes

Publication: 23 July 2010 à 10h45

Reading time: 2 minutes

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e recovery agreement approved by the employees last Monday within the framework of an internal referendum. Put up for sale by General Motors in 2008, the site now belongs to Motors Liquidation Company (MLC), in charge of selling the American carmaker’s assets. General Motors, which started making profit again in the first 2010 quarter, proposed, on July 16th, to buy the factory back in exchange for a 10% cut in production costs.

Agreement. Within the framework of the compromise proposed by the m

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