Valeo chief attacks "archaic" U.S. union system


PARIS, May 27 (Reuters) - French car parts maker Valeo's Chief Executive Thierry Morin attacked the U.S. union system as "archaic", saying in a newspaper interview it was easier to close factories in Europe than in the United States. Morin's comments in an interview with the Financial Times published on Friday come as the United Auto Workers union, which dominates worker relations at U.S.-owned carmakers, is being pressed to help provide financial relief to General Motors , the world's ...

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