Derby Germany Closes Rostock Facility

CLOPPENBURG, Germany (19 Mach) – The management of Derby Cycle Works GmbH Germany and the unions have agreed on the closure of the Derby factory in Groß Schwaß, Rostock. The Derby factory will close on 31 March 2002 (=within two weeks!) with a provision for its 102 employees. The Labour Court agrees. Derby Cycle Works