UPDATE: French Workers Agree To Release Caterpillar Bosses
01 April 2009 - 9:25PM
Dow Jones News
(Adds Union comment.)
GRENOBLE, France (AFP)--French workers agreed Wednesday to
release four managers held hostage for 24 hours at a bulldozer
plant run by U.S. firm Caterpillar Inc. (CAT), and to resume talks
on their demands.
Pierre Piccarreta, CGT union leader at the plant in the
southeastern city of Grenoble, said talks would resume between
workers, representatives from both Caterpillar's European and U.S.
headquarters, and French state officials.
The breakthrough came after President Nicolas Sarkozy offered to
meet union leaders from the plant to hear their demands for better
compensation for the 733 workers facing redundancy.