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Nortel Workers Threaten To Blow Up Factory Unless They Get Decent Layoffs
Liquidating Nortel has more troubles to add to its plate. Not only is the Canadian firm seeing a major push back to its liquidation plans by recently notorious private equity firm MatlinPatterson, which refuses to go gently into that good night and write off its $400 million investment in the failed telecom maker, but now it has to deal with its own employees who have threatened to blow up a French plant unless they get preferential layoff terms. The Globe and Mail reports that "workers had placed gas cylinders in front of the plant in the Yvelines
area near Paris, where 480 jobs are set to be axed following bankruptcy
proceedings."
From the article:
In the second threat by French workers to blow up a factory in a week,
the paper said the workers had threatened to stage an explosion as
early as Wednesday if their demands were not met, but said the gas
cylinders were empty.No immediate comment was available from Toronto-based Nortel, once the
largest North American telecommunications equipment manufacturer but
which filed for bankruptcy protection in Canada and the United States in January.The workers were also bitter about the way the authorities handling the case in France were proceeding, the paper said.
“We are exasperated by the practices of the administrator. A meeting
was planned yesterday, but it was cancelled at the last minute,” the
paper cited one union member as saying on Tuesday.“It is not the first time. They have been stringing us along for four
days. They have no respect for us,” the union member said.Speaking on LCI television, Labour Minister Xavier Darcos pledged to find solutions for the workers.
“We are going to speak to each other, we will find solutions that do not require resorting to extreme violence,” he said.
It seems the French have gotten the upper hand in counter-Rattnerian negotiating tactics. It is yet to be seen if comparable "negotiations" are pursued by the millions of business owners who will have no further recourse to loans by soon to be bankrupt lender CIT.
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Vive la France!
we might have issues...major issues....awful issues.....here in the states, but at least we're not pulling this b.s.
Pulling this BS - I agree, but they have definitely taken their skirts off. They might not be much for fighting the Germans, but they sure as hell don't take crap from their own government or their employers. Maybe there is some lesson to be learned from their actions?
Yes. Don't hire french people.
Still preferable to U.S. citizens.
Go back to France, commie.
ok. bye.
Funny, that coming from a Fascist country.
It is BS only for management. When your livelyhood is at stake it is not BS anymore. It become a serious issue impacting your life. So please get of that high horse that you are riding.
The workers at AXP may not be very happy with their pension fund contributions being axed!
They've also recently laid of alot of people in Belfast, Northern Ireland (some with 30 years an no severance!). They have a slightly better track record with blowing stuff up.
http://www.belfasttelegraph.co.uk/business/business-news/exnortel-worker...
It will probably increase the property value for the liquidation sale if you wipe that pesky "factory" off it. Maybe somebody could grow something to eat there? C'est Normal.
"In the world I see - you are stalking elk through the damp canyon forests around the ruins of Rockefeller Center. You'll wear leather clothes that will last you the rest of your life. You'll climb the wrist-thick kudzu vines that wrap the Sears (Willis) Tower. And when you look down, you'll see tiny figures pounding corn, laying strips of venison on the empty car pool lane of some abandoned superhighway."
Tyler was in Europe recently right?
You all know about PM from FC right?
Now, I am not a conspiracy theorist, but if even a shred of this is true - and even if not - all I have to say is GOOD JOB!
Pete
Gee, if ever there were a country in which to open a subsidiary, France seems not to be it.