UK 'reassured' by GM on its plans for Vauxhall brand
The Dollar Business Bureau UK’s Secretary of State for Business, Energy and Industrial Strategy, Greg Clark, said on Friday that he was ‘reassured’ by American multinational General Motors Company’s (GM) plans for its interests in Europe, including the UK’s Vauxhall, amidst talk of taking over by French car maker PSA Group. “There is some way to go in discussions between GM and PSA but I was reassured by GM’s intention, communicated to me, to build on the success of these operations rather than rationalise them,” the Secretary said in a statement. Recently, GM had made considerable investments at its Luton and Ellesmere Port plants, he said. Clark spoke after a meeting with the President of GM, Dan Ammann in London, when it emerged that ...
Strike affects clearing business at banks
Source: PTI Normal working at banks was affected on Wednesday due to a nationwide strike called by 10 central trade unions, although the staff of SBI, IOB, ICICI Bank, HDFC Bank and Axis Bank stayed away from the agitation. “23 public sector banks, 12 private sector banks, 52 regional rural banks and over 13,000 cooperative banks have gone on strike today to protest against government's pro- corporate policies,” said All India Bank Employees Association General Secretary C H Venkatachalam. He said that over half of the 10 lakh banking sector workers are supporting the strike call given by 10 central trade unions as their talks with the government on 12-points charter of demand failed last month. Venkatachalam further said that among public ...
