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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (47047)	10/14/2004 6:05:43 AM
From: jayhawk969	Read Replies (1) \| Respond to of 50167

And what will this do in Germany. The continent is not in good shape. Long term the $ will be ok, I do not think the market has priced in the long term problems that the Euro faces. General Motors Europe to Cut 12,000 Jobs by the End of 2006 RUESSELSHEIM, Germany (AP) -- General Motors Europe announced Thursday that it will cut 12,000 jobs on the continent by the end of 2006 in a plan aimed at saving $617 million per year. The company said that 90 percent of the cuts would be made in 2005 and that the plan "provides for the majority of the cuts to be in Germany, with a heavy emphasis on managing and engineering." However, it said negotiations with employee representatives would determine which of its 10 European manufacturing plants are affected. "The details we must negotiate with our workers councils, beginning today -- and we hope to have an agreement by the end of November," GM Europe spokesman Ruediger Assion said. GM Europe currently has 62,000 employees.

To: IQBAL LATIF who wrote (47047)	10/14/2004 6:39:08 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Saudi Arabia, engaged in a crackdown against Islamist militants behind a wave of deadly attacks, announced on Wednesday that a man killed in clashes with security forces this week was on the kingdom’s most wanted list. Saudi national Abdelmajid bin Abdallah Al-Munie was wanted for “belonging to the deviant minority” — a term used by authorities for members of a group calling itself Qaeda in the Arab Peninsula, an interior ministry spokesman said in a statement published by the official SPA news agency. afp