среда, 14 марта 2012 г.

Belgium's Flemish region cuts subsidy for Volvo car plant to win EU approval

Belgium's Flemish region has reduced a subsidy to fund training at Ford Motor Co.'s Volvo car plant to win European Union approval for the payment, the European Commission said Tuesday.

The EU executive cleared the regional government to give Volvo a euro3.54 million (US$5.44 million) grant to pay the costs of basic training to help workers secure better qualifications _ well below the euro6 million (US$8.3 million) initially planned.

The EU said Belgium and Volvo had agreed not to pay for training …

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