Schaeffler/Conti to reveal plan agreed with banks-Glos

Newswire

BERLIN, Jan 29 (Reuters) - Bearings maker Schaeffler and Continental will soon unveil plans which they have coordinated with banks, German Economy Minister Michael Glos said on Thursday. The plan is a precondition for further talks between the companies and the federal government and the states of Lower Saxony and Bavaria, added Glos in a statement. Economy Ministry representatives had held talks with the companies, which are grappling with billions of euros in debt, late on Wednesday. ...

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