- auto industry - strike
At a time of doom and gloom in the economy, employees at the German-run Continental tyre factory in France have won a significant victory.
After months of negotiations, 1,120 staff at the Continental plant at Clairoix in northern France are in line for a 50,000 euro per person layoff deal.
The decision was announced three months after the first move to close the plant. Employees at the plant had staged a series of protests including storming a company office and a government building.
Employees will get the 50,000 euro payoff on top of the redundancy compensation set by the law, after an initial offer from the management of 17,000 euros per employee.
Talks continue on early retirement arrangements for some employees.
In the meantime, staff won't go to work for the eight remaining months before the factory closes.