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French workers threaten to blow up factory
Posted By admin On July 13, 2009 @ 1:16 pm In Money Watch | Comments Disabled
Monday, July 13, 2009
PARIS, July 12 (Reuters) – Workers at collapsed French car parts maker New Fabris threatened on Sunday to blow up their factory if they did not receive payouts by July 31 from auto groups Renault and Peugeot to compensate for their lost jobs.
New Fabris was declared in liquidation in April, so the workers stand to get no redundancy money, although they are entitled to draw state unemployment benefit.
They want Renault SA (RENA.PA) and PSA Peugeot Citroen (PEUP.PA) to pay 30,000 euros ($41,800) for each of the 336 staff at the factory, or some 10 million euros in total, in return for its remaining stocks of equipment and machinery.
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“The bottles of gas have already been placed at various parts of the factory and are connected with each other,” CGT trades union official Guy Eyermann told France Info radio.
“If Renault and PSA refuse to give us that money it could blow up before the end of the month,” he added
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