9 May 2011
ERJ staff report (DS)
Saarbrücken, Germany -- The sale of SaarGummi to Chongqing Light Industry & Textile Holding Group Co. Ltd (CQLT) will now go ahead, following agreement by the SaarGummi works council.
The parties agreed on Friday to continue discussions after the employee representatives removed their objections to the proposed deal.
The administrators now expect a final agreement to be signed within a few days,
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Press release from Schultze & Braun (German language)
Above Press release auto-trannslated into English from German
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