Workers at Daewoo's Polish factories were "deeply concerned" on Tuesday when talks aimed at rescuing the troubled South Korean carmaker collapsed in Seoul
Published:
8 November 2000 y., Wednesday
Daewoo's creditor banks extended to Wednesday a deadline for declaring Daewoo Motor Co., the second-biggest South Korean car manufacturer, bankrupt after last gasp talks on job cuts between the company, managers and unions broke down on Tuesday.
Daewoo-FSO has enough components to resume production after a three-week halt aimed at cutting stocks of cars on November 20, said spokeswoman Krystyna Danilczyk.
A high-level Polish government delegation is currently in Seoul to try to ensure the survival of Daewoo's Polish plants, but if the company is forced into receivership Wednesday there may be little to do until creditors sort out the situation and find a buyer.
Daewoo employs about 24,000 people in Poland, and the number rises to 55,000 if subcontractors are included.
Last month 1,200 layoffs were announced at Daewoo's Lublin van plant.
Šaltinis:
Agence France Presse
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
New rules for the EU's single market will make it easier to live and do business anywhere in Europe.
more »
MEPs were disappointed that the Commission's EU budget review document had not sought the radical revision that the EU needs, they told Budgets Commissioner Janusz Lewandowski in a Policy Challenges Committee debate on Thursday.
more »
On 25 October, the Commission adopted the decision to financially support the 2011 electoral process in the Central African Republic.
more »
New EU framework for crisis management in the financial sector for managing problems before they spiral out of control.
more »
The financial crisis laid bare the limits of self-regulation, demonstrating the need for strong EU economic governance, surveillance and policy co-ordination, say two non-legislative resolutions voted by Parliament on Wednesday.
more »
The European Commission has approved an application from Germany for assistance from the European Globalisation adjustment Fund (EGF).
more »
Global and EU- level taxes on financial sector would help to fund international challenges such as development or climate change and fix the fallout from the global economic crisis.
more »
The European Investment Bank and African Development Bank today agreed to provide EUR 45m to design, build and operate onshore wind farms on four islands in the Cape Verde archipelago.
more »
MEPs want future EU budgets to accommodate new policy priorities as well as negotiations on new sources of financing.
more »
The European Parliament's Budgets Committee on Monday backed EU funding for 3,731 workers in Portugal, the Netherlands, Spain and Denmark who were made redundant due to the closure of their companies.
more »