GERMANY’S HANDLING OF THE AUTO INDUSTRY RECESSION DRAWS PRAISE IN EU REPORT
June 1st, 2009
BY KEITH NUTHALL
A COMPREHENSIVE report from a European Union (EU) think-tank has highlighted the success of Germany in fighting recession within its domestic car market and preventing full-time lay-offs. The paper 'Recent restructuring trends and policies in the automotive sector', has been released by the European Foundation for the Improvement of Living and Working Conditions, a Dublin-based EU agency. It shows how Germany's scrappage scheme has been markedly successful - in contrast to those introduced by other EU member states. And also it has explained how ...
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