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Police Raid Frees Hostages at Goodyear Plant
French police officers retrieved two Goodyear Tire & Rubber Co. executives on Tuesday, a day after they were taken hostage by militant CGT union members.
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French police officers retrieved two Goodyear Tire & Rubber Co. executives on Tuesday, a day after they were taken hostage by militant CGT union members.
The union seized the managers in a bid to win larger severance packages for workers at Goodyear's tire plant in Amiens-Nord. The company has been trying to close the facility for a year after workers there balked at demands to increase the factory's productivity.
CGT tells media it now plans to occupy the Goodyear plant. The Financial Times says the union's hostage-taking stunt undermined an effort on Tuesday by French Finance Minister Pierre Moscovici to promote foreign investment in the country.
The FT notes that a survey last autumn found two-thirds of U.S. companies in France said they would not recommend the country as a business location to other American businesses.
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