I agree that the company can pick up and move anywhere in the world if they
so choose, the point I was trying to make was that it would be (1) difficult
and (2) costly. If German law requires ¼ of the board of directors to be
union members and that company moves it's headquarters to the US where that
is not required, the union is going to have some strong objections to such a
move. There would also be an issue with displaced German workers if they
move.
I think this rumor started because some Chrysler executives discovered how
expensive it will be for Chrysler to have a presence there.
I'm not claiming to be an expert on Germany. I'm just going with my
observations. I have been to Germany a few times and my fiancée is from
Germany and works for a large German Company here in the US.
Walter Felix
88½ Dakota Sport 4x4
WWW.GeoCities.Com/~Walter_Felix
-----Original Message-----
From: Rekker21@aol.com <Rekker21@aol.com>
To: dakota-truck@buffnet.net <dakota-truck@buffnet.net>
Date: Friday, November 20, 1998 5:43 AM
Subject: Re: DML: Rumor Mill...
>What Walter says is true. However the company can pick up and go anywhere
in
>the world if they so choose. They have greater tax breaks as a company in
>Germany due to the very reason that Walter states, that if they lay a
person
>off, they must find them another job in the company. Due to that, they
have
>tax relief's, although, Jurgen laid off close to 20,000 people not to long
ago
>when Daimler-Benz was going through tough times in other areas within the
>company. Through that move, the company became profitable and yet was
>penalized by the government there for laying off people and not
compensating
>them with jobs elsewhere.
> We have been asking the movers and shakers for employee discounts on
all
>DaimlerChrysler products and yesterday received a letter from Herr Eaton
>stating that due to the fact Benz products are behind on all orders and Tax
>laws in Germany make it near impossible for German workers to buy Chrysler
>vehicles, an extension of the employee purchase policy will not be taking
>place. So the moral of my story is this, German tax laws good for company,
>bad for employee! Oh, by the way, did anyone notice that Eaton claims that
he
>is not making any money off of this deal? His 69 million stock option must
>not have paid off yet! And, yes there's more, when he retires in 3 years
(or
>less he says) he will recieve a pension from DaimlerChrysler of more than
what
>a lot of people make a year! He will recieve 30,000 per month! Must be
nice,
>atleast that way he wont have to dip into that 69 Mill+ he has in the bank!
>Eric
>
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