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TRUCKMAKERS' NEWS WORLDWIDE * Germany - Daimler cool on union alleging trucks spin-off
Frankfurt,Germany - Der Spiegel magazine/Reuters -Sep 6, 2008 : -- German car maker Daimler on Saturday rejected management was considering any type of spin-off or sale of the company's trucks business after an advance report in Der Spiegel magazine citing works council opposition to the plans... The magazine report, which is due to appear in the weekly magazine on September 8, cited works council chairman Erich Klemm as saying workers would heavily oppose a spin-off... A spin-off or exchange listing of the unit had reportedly been required by Swedish financial investor Cevian, who reportedly bought a two percent stake in the company, the magazine said... The Daimler spokesman would not comment on whether Cevian Capital had built a two percent stake or if it was pushing for a sale of trucks...
Labels: truckmakers news worldwide
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