Labor & Economic News Blog
Friday, October 17, 2008
GM's Autoworkers In Germany Brace For The Worst
GM's Autoworkers In Germany Brace For The WorstNPR audio:
The global financial crisis is ratcheting up fears of recession. Germany's "rust belt" has been hit hard by the economic slowdown. Opel, General Motors' European brand, is the largest employer in the town of Bochum — where the unemployment rate is over 9 percent. Autoworkers there heard this week that their situation is likely to get worse.
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