Topic: Poverty
Molex Villemur
283 Employees fired,
French government sells Factory equipment for 1 Euro
to U.S group. Good buy, french banks don't finance manufacturing
material etc.
American group automotive connectors invests Euro 5.4m
HIG U.S. investment fund another Euro 1m = Total Euro 6.4m
French government gives creditline of Euro 6.6m
Result
45 Employees and Euro 2.5m Turnover predicted.
Reality in France
5 Employees cost including prepaid high charges Euro 200.000/year
45 Employees Euro 1.8m/Year. No factory can run in France this way.
source: fr.news.yahoo.com
Posted by solarlife
at 10:50 AM EDT
Updated: Tuesday, 15 September 2009 11:15 AM EDT
