Don't miss

Replay


LATEST SHOWS

FRANCE IN FOCUS

Organic farming in France: Green is the new black

Read more

EYE ON AFRICA

Nigeria : Suicide bombers die in failed attack with suspected Boko Haram links

Read more

MEDIAWATCH

Turning On Trump?

Read more

THE WORLD THIS WEEK

The World According to Trump (part 1)

Read more

THE WORLD THIS WEEK

Kim Jong-Un, François Fillon, French Police Brutality (part 2)

Read more

PEOPLE & PROFIT

Europe market jitters: Political risks give investors cause for concern

Read more

FOCUS

A closer look at former Colombian president Uribe's murky past

Read more

FASHION

Haute Coiffure: When hairdressing becomes a work of art

Read more

#TECH 24

The startup space race

Read more

France

GM’s Strasbourg staff vote ‘yes’ to pay freeze to protect jobs

Text by FRANCE 24

Latest update : 2010-07-20

Employees of the General Motors plant in Strasbourg gave a ringing endorsement Monday of a plan that includes stringent new cost-cutting measures and harsher working condition so General Motors can take back the plant from administrators.

 

Employees of a car plant in the eastern French city of Strasbourg have given a ringing endorsement to harsher new working conditions to enable their former employer, General Motors (GM, now known as GMC), to take back the plant a year after emerging from a government-financed bankruptcy filing.
 
Out of 929 voters (97% of employees), 645 (70.65%) voted in favour of GMC’s offer, with 268 votes against, and 16 blank or spoiled ballots.
 
General Motors lost many of its European assets when it filed for bankruptcy in June 2009, but has gradually begun recovering them after successfully restructuring its operations into a new group, General Motors Company (GMC). Its offer to take back the Strasbourg plant came after state administrators failed to find another buyer for the site.
 
The company promised not to cut any jobs if employees agreed to drastically readjust their working conditions. Aside from a 2-year salary freeze, employees will also give up their share of company benefits until 2013, and lose more than a third of their 16 RTTs (days off that compensate for working overtime). The measures will cut labour costs by 10%.
 

The left-wing CGT union had called on its members to vote against the plan, but the FO, CFDT and CFTC unions had all pronounced themselves in favour of it.

 
GMC’s Strasburg management said it a statement that it was “very satisfied” by the employee’s “massive approval”, which showed that they are “well aware that the future of the plant and its workers is everyone’s top priority”.

 

Date created : 2010-07-20

  • AUTO INDUSTRY

    US auto giant GM reports first quarterly profit since 2007

    Read more

  • AUTO INDUSTRY

    GM to shed thousands of jobs in European restructuring

    Read more

  • AUTO INDUSTRY

    GM returns to stocks market with record breaking IPO

    Read more

COMMENT(S)