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It's a simple enough message, scrawled on an old athletic shoe that
wound up in an abandoned storage room as Capitol Court Mall was being
demolished on West Capitol Drive and North 60th Street in Milwaukee.
It's faded along with the signature that accompanies it: NBA superstar
Michael Jordan.To get more news about cheap air jordan shoes free shipping, you can visit nkspaces official website. nkspaces2010 ！
Larry Awe, then head of maintenance for the disintegrating mall, knew to whom the white Nike initially belonged immediately. He'd been through the mall enough times and passed by sports apparel store Playmakers, where game-worn shoes from NBA players were routinely on display.
"We'd walk through the mall quite a bit," said Awe, 67, who now lives in Wauwatosa and worked in maintenance at the mall for three decades. "I was a big basketball fan, and the biggest crowd I ever saw (in the mall) was when new shoes were displayed. 'Look at the size of those!' (onlookers would say)."
The shoe Awe remembers most from the display belonged to Bob Lanier, a size-22 monster.
But despite the comparative normalcy of the Jordan shoe — size 13, faded on the bottom, black trim starting to crack near the top — the artifact from the fledgling days of a basketball dynasty turned out to be quite the keepsake."Larry's had it in his basement for 17 years and it happens to be what I consider and what Heritage considers the most significant Air Jordan shoe in existence, and I don't think we're overexaggerating," Nerat said.
the Bulls rookie scored 26 points in a 125-105 loss to the Bucks at the MECCA. On his feet were a pair of Air Jordan Ones, among the first of their kind. The white shoe with black "swoosh" and toe, red laces and red across the top at the ankle, wasn't available in stores.
At the time, it wasn't a secret that Jordan was a budding star; he just wasn't yet a sports-apparel empire. But this particular shoe was a key part of that transition. It's identical to the shoes on Jordan's feet in the famous "Jumpman" advertisement that turned into an internationally recognizable Nike logo (the image with the Chicago skyline in the background, not the original photograph that has been the subject of a recent lawsuit).
The shoe, whose red-and-black twin was "banned" from the NBA for failing to adhere to dress code standards that dictated shoes needed to be mostly white, wasn't worn by Jordan for long. He switched to white shoes with a red toe later in his rookie season. Heritage estimates that he may have worn these shoes in a game fewer than five times.
"The signature was pretty faded, but it was legible enough that you can make out that it's a vintage signature," Nerat said. "He only did that (writing 'my very best') very early on, maybe just his rookie year. The most important thing, as far as authenticating, is the serial number that's stamped into the interior of the shoe that dates it."
The shoe's stamp indicates it was created Nov. 8, 1984. Jordan shoes were made available to the public in 1985, and the black toe was only worn his rookie season and not put into circulation.
Larry Awe, then head of maintenance for the disintegrating mall, knew to whom the white Nike initially belonged immediately. He'd been through the mall enough times and passed by sports apparel store Playmakers, where game-worn shoes from NBA players were routinely on display.
"We'd walk through the mall quite a bit," said Awe, 67, who now lives in Wauwatosa and worked in maintenance at the mall for three decades. "I was a big basketball fan, and the biggest crowd I ever saw (in the mall) was when new shoes were displayed. 'Look at the size of those!' (onlookers would say)."
The shoe Awe remembers most from the display belonged to Bob Lanier, a size-22 monster.
But despite the comparative normalcy of the Jordan shoe — size 13, faded on the bottom, black trim starting to crack near the top — the artifact from the fledgling days of a basketball dynasty turned out to be quite the keepsake."Larry's had it in his basement for 17 years and it happens to be what I consider and what Heritage considers the most significant Air Jordan shoe in existence, and I don't think we're overexaggerating," Nerat said.
the Bulls rookie scored 26 points in a 125-105 loss to the Bucks at the MECCA. On his feet were a pair of Air Jordan Ones, among the first of their kind. The white shoe with black "swoosh" and toe, red laces and red across the top at the ankle, wasn't available in stores.
At the time, it wasn't a secret that Jordan was a budding star; he just wasn't yet a sports-apparel empire. But this particular shoe was a key part of that transition. It's identical to the shoes on Jordan's feet in the famous "Jumpman" advertisement that turned into an internationally recognizable Nike logo (the image with the Chicago skyline in the background, not the original photograph that has been the subject of a recent lawsuit).
The shoe, whose red-and-black twin was "banned" from the NBA for failing to adhere to dress code standards that dictated shoes needed to be mostly white, wasn't worn by Jordan for long. He switched to white shoes with a red toe later in his rookie season. Heritage estimates that he may have worn these shoes in a game fewer than five times.
"The signature was pretty faded, but it was legible enough that you can make out that it's a vintage signature," Nerat said. "He only did that (writing 'my very best') very early on, maybe just his rookie year. The most important thing, as far as authenticating, is the serial number that's stamped into the interior of the shoe that dates it."
The shoe's stamp indicates it was created Nov. 8, 1984. Jordan shoes were made available to the public in 1985, and the black toe was only worn his rookie season and not put into circulation.
A pair of Nikes worn by Michael Jordan has broken the record for the
most expensive sneakers ever sold at auction fetching $615,000.To get
more news about cheap air jordan shoes china, you can visit nkspaces official website. nkspaces2010 ！
The Nike Air Jordan 1 High shoes which had an estimated sale price of between $650,000 and $850,000 were used by the basketball star in 1985 during an exhibition game played in Trieste Italy in the summer of 1985 according to Christie’s.
“It is the top price achieved for sneakers at auction” a spokesperson at Christie’s told CNN.They were sold as part of a wider online auction of Jordan’s footwear from his days playing for the Chicago Bulls.
Of the Jordan memorabilia up for sale at Christie’s nine lots went for a combined total of $931,875 including buyers’ fees on Thursday at the end of a two-week period of bidding.
The bulk of the total sales came from the signed 1985 shoes which the auction catalog describe as “a one-of-a-kind Michael Jordan artifact.”
They are unusual because the sole of the left shoe contains a shard of glass which became lodged there when Jordan shattered the glass of the backboard while landing a forceful slam dunk.Another pair of shoes which the Chicago Bulls player wore in a match in 1992 went for $112,500 in the same auction which was run in conjunction with sneaker consignment store Stadium Goods.
Thursday’s sale shatters the previous record set just three months earlier when Sotheby’s sold some of the player’s Nike Air Jordans for $560,000.
“Just three months ago a pair of Nike Air Jordans broke the world record for the most expensive shoes ever sold at auction — fetching just over half a million dollars” Christie’s said on its website ahead of its own auction.
Interest in Jordan and his sports memorabilia has increased this year since the release of ESPN’s docuseries “The Last Dance” which follows the legendary player during the Bulls’ 1997-1998 season.
The Nike Air Jordan 1 High shoes which had an estimated sale price of between $650,000 and $850,000 were used by the basketball star in 1985 during an exhibition game played in Trieste Italy in the summer of 1985 according to Christie’s.
“It is the top price achieved for sneakers at auction” a spokesperson at Christie’s told CNN.They were sold as part of a wider online auction of Jordan’s footwear from his days playing for the Chicago Bulls.
Of the Jordan memorabilia up for sale at Christie’s nine lots went for a combined total of $931,875 including buyers’ fees on Thursday at the end of a two-week period of bidding.
The bulk of the total sales came from the signed 1985 shoes which the auction catalog describe as “a one-of-a-kind Michael Jordan artifact.”
They are unusual because the sole of the left shoe contains a shard of glass which became lodged there when Jordan shattered the glass of the backboard while landing a forceful slam dunk.Another pair of shoes which the Chicago Bulls player wore in a match in 1992 went for $112,500 in the same auction which was run in conjunction with sneaker consignment store Stadium Goods.
Thursday’s sale shatters the previous record set just three months earlier when Sotheby’s sold some of the player’s Nike Air Jordans for $560,000.
“Just three months ago a pair of Nike Air Jordans broke the world record for the most expensive shoes ever sold at auction — fetching just over half a million dollars” Christie’s said on its website ahead of its own auction.
Interest in Jordan and his sports memorabilia has increased this year since the release of ESPN’s docuseries “The Last Dance” which follows the legendary player during the Bulls’ 1997-1998 season.
Michael Jordan is considered to be the greatest NBA player of all time.
He's also the richest former professional athlete in the world.To get
more news about cheap jordans free shipping, you can visit nkspaces official website. nkspaces2010 ！
Jordan made less than $100 million while a player in the NBA, but has been a member of three-comma club since 2014. Forbes estimates his net worth to be $1.6 billion. Since he retired in 2003, he has built a lucrative career, predominantly through deals with NIke.
He just took an equity interest in DraftKings and will advise the company's board of directors. Shares surged 12% following the Wednesday announcement.
In June, Jordan and Nike's Jordan brand pledged a donation of $100 million to 'drive real impact for the Black Community' amid nationwide Black Lives Matter protests.
He's faced his fair share of legal battles and in addition to using his wealth for philanthropic purposes, he also indulges in personal enjoyment: He owns sprawling estates, his own golf course, an NBA team, and multiple restaurants.
DraftKings announced on Wednesday that Michael Jordan took an equity stake in the sports betting company, along with a special adviser role. The company's shares surged 12% immediately following the announcement.
Earlier this summer, Jordan and Nike's Jordan Brand pledged to donate $100 million over 10 years to organizations fighting for 'racial quality, social justice, and greater access to education.' The June 5 announcement came amid nationwide Black Lives Matter protests over the killing of George Floyd.
Jordan made less than $100 million while a player in the NBA, but has been a member of three-comma club since 2014. Forbes estimates his net worth to be $1.6 billion. Since he retired in 2003, he has built a lucrative career, predominantly through deals with NIke.
He just took an equity interest in DraftKings and will advise the company's board of directors. Shares surged 12% following the Wednesday announcement.
In June, Jordan and Nike's Jordan brand pledged a donation of $100 million to 'drive real impact for the Black Community' amid nationwide Black Lives Matter protests.
He's faced his fair share of legal battles and in addition to using his wealth for philanthropic purposes, he also indulges in personal enjoyment: He owns sprawling estates, his own golf course, an NBA team, and multiple restaurants.
DraftKings announced on Wednesday that Michael Jordan took an equity stake in the sports betting company, along with a special adviser role. The company's shares surged 12% immediately following the announcement.
Earlier this summer, Jordan and Nike's Jordan Brand pledged to donate $100 million over 10 years to organizations fighting for 'racial quality, social justice, and greater access to education.' The June 5 announcement came amid nationwide Black Lives Matter protests over the killing of George Floyd.
For 25 years, they sat in a closet in the Lavi family home in the Tel
Aviv area alongside blankets, old books and a suitcase – two valuable
collector’s items: an original Air Jordan 1 sneaker and a baseball mitt,
both belonging to basketball legend Michael Jordan. On Monday, they
were finally sold at a public auction in the U.S., with the help of the
Netflix documentary 'The Last Dance.'To get more news about cheap jordans, you can visit nkspaces official website. nkspaces2010 ！
The Lavi family told Haaretz sports writer Elad Zeevi about the items for the first time in May, recounting how they had originally acquired them, back in late 1994. Juanita Jordan, who had wanted to surprise her megastar husband for his 32nd birthday, got in touch with the Lavis – whose business was known for producing silver-plated, 3-D reproductions of items – about reproducing the sneaker and baseball glove as a gift. Ten silver-plated copies were eventually produced and sold at auction but the originals remained in the hands of the Israelis.“My father was a partner in a factory that made things using electroform silver in the 1980s and 1990s,” explained Dan Lavi, current owner of the Rashbel company, which sells equipment and materials for making jewelry. At the time Rashbel’s technology to reproduce three-dimensional objects in silver was unique. “One day we received an order by fax to make a shoe and baseball mitt in silver. They didn’t say who it was for. My father asked them to send a sample, saying he would see what could be done. If it were possible, we’d quote a price, he told the sender.”
So how much did the items sell for? The sneaker was sold as part of Dallas-based Heritage Auctions’ June 14th sports catalog for $31,000 and the mitt for $21,000.
Jonathan Scheier, senior consignment and cataloger of sports memorabilia at Heritage Auctions, told Haaretz last month that thanks to the popularity of the Netflix show, the market for Jordan’s memorabilia had skyrocketed. Scheier added that several factors determine the value of such items – for example, whether Jordan actually wore them in a game. It was clear that the glove and sneaker the Lavis had had belonged to the star, and the fact that they were used for making rare silver reproductions, Scheier predicted, would definitely interest serious collectors.
The Lavi family told Haaretz sports writer Elad Zeevi about the items for the first time in May, recounting how they had originally acquired them, back in late 1994. Juanita Jordan, who had wanted to surprise her megastar husband for his 32nd birthday, got in touch with the Lavis – whose business was known for producing silver-plated, 3-D reproductions of items – about reproducing the sneaker and baseball glove as a gift. Ten silver-plated copies were eventually produced and sold at auction but the originals remained in the hands of the Israelis.“My father was a partner in a factory that made things using electroform silver in the 1980s and 1990s,” explained Dan Lavi, current owner of the Rashbel company, which sells equipment and materials for making jewelry. At the time Rashbel’s technology to reproduce three-dimensional objects in silver was unique. “One day we received an order by fax to make a shoe and baseball mitt in silver. They didn’t say who it was for. My father asked them to send a sample, saying he would see what could be done. If it were possible, we’d quote a price, he told the sender.”
So how much did the items sell for? The sneaker was sold as part of Dallas-based Heritage Auctions’ June 14th sports catalog for $31,000 and the mitt for $21,000.
Jonathan Scheier, senior consignment and cataloger of sports memorabilia at Heritage Auctions, told Haaretz last month that thanks to the popularity of the Netflix show, the market for Jordan’s memorabilia had skyrocketed. Scheier added that several factors determine the value of such items – for example, whether Jordan actually wore them in a game. It was clear that the glove and sneaker the Lavis had had belonged to the star, and the fact that they were used for making rare silver reproductions, Scheier predicted, would definitely interest serious collectors.
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The European Commission proposed on Wednesday spending 8 billion euros
($8.81 billion) of its next budget on a new European Union defence fund,
keeping alive a Franco-German plan to deepen military cooperation
despite the economic impact of COVID-19.To get more news about WikiFX, you can visit wikifx official website.
Unveiled as part of the EU executive's proposals for the bloc's seven-year budget from 2021, the fund would allow EU states' militaries to develop weapons, deploy together and streamline military systems in Europe.
Though the amount is much less than the 13 billion euros the Commission had initially proposed, the defence fund, if agreed by EU governments, could generate investment worth much more by enticing defence contractors to help finance deals through it.
The fund would mark the biggest step forward in EU defence integration since the late 1990s, when Britain and France helped launch closer military cooperation in the bloc.
Following Britain's 2016 vote to quit the EU, France and Germany seized on European defence as a way to promote integration. They agreed a new pact with other EU governments.
While the United States, the world's biggest military power, has 30 weapons systems, the EU has 178. The bloc has 17 types of battle tank, compared to just one in the United States.
Military cooperation could also help advances in technology for pandemics, officials say, including in chemical and biological research such as hi-tech, resistant clothing.
The Commission proposed just 1.5 billion euros - much less than previously - for modernising Europe's disjointed transport systems to move troops east in the case of conflict with Russia.
The U.S.-led NATO alliance sees the ability to move quickly across Europe as vital to overcome border delays and rebuild bridges too weak for tanks.
Unveiled as part of the EU executive's proposals for the bloc's seven-year budget from 2021, the fund would allow EU states' militaries to develop weapons, deploy together and streamline military systems in Europe.
Though the amount is much less than the 13 billion euros the Commission had initially proposed, the defence fund, if agreed by EU governments, could generate investment worth much more by enticing defence contractors to help finance deals through it.
The fund would mark the biggest step forward in EU defence integration since the late 1990s, when Britain and France helped launch closer military cooperation in the bloc.
Following Britain's 2016 vote to quit the EU, France and Germany seized on European defence as a way to promote integration. They agreed a new pact with other EU governments.
While the United States, the world's biggest military power, has 30 weapons systems, the EU has 178. The bloc has 17 types of battle tank, compared to just one in the United States.
Military cooperation could also help advances in technology for pandemics, officials say, including in chemical and biological research such as hi-tech, resistant clothing.
The Commission proposed just 1.5 billion euros - much less than previously - for modernising Europe's disjointed transport systems to move troops east in the case of conflict with Russia.
The U.S.-led NATO alliance sees the ability to move quickly across Europe as vital to overcome border delays and rebuild bridges too weak for tanks.
At the beginning of April, a young Japanese sumo wrestler known as
Shobushi came down with a fever. His coaches tried calling a local
public health centre to get him a coronavirus test, but the phone lines
were busy.
For four days, he was turned away by clinics in Tokyo overwhelmed during a surge of COVID-19 cases. He was finally admitted to hospital on April 8 when he began coughing up blood, but died of the disease on May 13, the Japan Sumo Association said.To get more news about WikiFX, you can visit wikifx official website.
Shobushi's death caused a public outcry over Japan's testing limitations and reliance on overstretched public health centres at a time when most experts say widespread virus checks are crucial to contain the pandemic.
With Japan lifting its state of emergency and reopening its economy this week, its pandemic response has been hailed as an unlikely success. In a global death toll of more than 300,000, Japan has confirmed around 800 deaths from 16,000 cases.
Yet at the same time, Japan ranks the second lowest in its testing among OECD countries.
As of May 20, Japan conducted 3.4 tests per 1,000 people, far below Italy's 52.5 and 39 in the United States, according to Oxford University data. South Korea has carried out tests on 15 people per 1,000 people.
In more than a dozen interviews with Reuters, public health officials, doctors and experts warned Japan's slow scaling up of tests could mask the scale of infections and make its population vulnerable to future outbreaks.
Critics say vested interests and bureaucracy inside Japan's health ministry caused bottlenecks at overworked public health centres, and officials waited too long to allow private labs to run tests.
“It is true that announced figures for infection and deaths are low, but those are based on the tests that were curbed,” said Yasuharu Tokuda, the director of the Muribushi Okinawa Center for Teaching Hospitals. “It is clear that there are quite a few (cases) that have fallen through the cracks.”
Even the government's top advisor, Shigeru Omi, told parliament “nobody knows” whether the true number of coronavirus cases “could be 10 times, 12 times or 20 times more than reported.”
Omi's panel of experts has called on the government to speed up testing, including of people with mild symptoms.
The health ministry said it is ramping up the use of private labs to reduce the workload on public health centres.
“Our stance that tests should be conducted on people in need has been consistent from the beginning. We have had testing capacity increased continuously,” Takuma Kato, a senior health ministry official, told Reuters.
“NOT ENOUGH” TESTS
Public health centres are at the forefront of Japan's response to the pandemic. While South Korea bolstered its public health system in the wake of past epidemics, Japan has halved the number of public health centres since the 1990s.
Struggling with overworked staff and flooded with calls, public health centres have asked the government to allow more private clinics to administer polymerase chain reaction (PCR) tests.
Japan says it can run up to 22,000 PCR tests a day, but less than a third - around 6,000 tests - are actually conducted on a daily basis. About 75% of tests have been processed through public health centres and government institutions, according to the health ministry.
In a previously unreported May 6 letter, the association of public health centre directors urged Katsunobu Kato, the minister of health, to overhaul Japan's testing policy.
For four days, he was turned away by clinics in Tokyo overwhelmed during a surge of COVID-19 cases. He was finally admitted to hospital on April 8 when he began coughing up blood, but died of the disease on May 13, the Japan Sumo Association said.To get more news about WikiFX, you can visit wikifx official website.
Shobushi's death caused a public outcry over Japan's testing limitations and reliance on overstretched public health centres at a time when most experts say widespread virus checks are crucial to contain the pandemic.
With Japan lifting its state of emergency and reopening its economy this week, its pandemic response has been hailed as an unlikely success. In a global death toll of more than 300,000, Japan has confirmed around 800 deaths from 16,000 cases.
Yet at the same time, Japan ranks the second lowest in its testing among OECD countries.
As of May 20, Japan conducted 3.4 tests per 1,000 people, far below Italy's 52.5 and 39 in the United States, according to Oxford University data. South Korea has carried out tests on 15 people per 1,000 people.
In more than a dozen interviews with Reuters, public health officials, doctors and experts warned Japan's slow scaling up of tests could mask the scale of infections and make its population vulnerable to future outbreaks.
Critics say vested interests and bureaucracy inside Japan's health ministry caused bottlenecks at overworked public health centres, and officials waited too long to allow private labs to run tests.
“It is true that announced figures for infection and deaths are low, but those are based on the tests that were curbed,” said Yasuharu Tokuda, the director of the Muribushi Okinawa Center for Teaching Hospitals. “It is clear that there are quite a few (cases) that have fallen through the cracks.”
Even the government's top advisor, Shigeru Omi, told parliament “nobody knows” whether the true number of coronavirus cases “could be 10 times, 12 times or 20 times more than reported.”
Omi's panel of experts has called on the government to speed up testing, including of people with mild symptoms.
The health ministry said it is ramping up the use of private labs to reduce the workload on public health centres.
“Our stance that tests should be conducted on people in need has been consistent from the beginning. We have had testing capacity increased continuously,” Takuma Kato, a senior health ministry official, told Reuters.
“NOT ENOUGH” TESTS
Public health centres are at the forefront of Japan's response to the pandemic. While South Korea bolstered its public health system in the wake of past epidemics, Japan has halved the number of public health centres since the 1990s.
Struggling with overworked staff and flooded with calls, public health centres have asked the government to allow more private clinics to administer polymerase chain reaction (PCR) tests.
Japan says it can run up to 22,000 PCR tests a day, but less than a third - around 6,000 tests - are actually conducted on a daily basis. About 75% of tests have been processed through public health centres and government institutions, according to the health ministry.
In a previously unreported May 6 letter, the association of public health centre directors urged Katsunobu Kato, the minister of health, to overhaul Japan's testing policy.
UK employers should pay wages of those asked to isolate by COVID-19 trace system
Employers should pay the wages of anyone told to stay at home by England's COVID-19 test and trace system, British health minister Matt Hancock said on Thursday.To get more news about WikiFX, you can visit wikifx official website.
The service is aimed at allowing the loosening of lockdown measures for most of the population. From Thursday, contacts of those who test positive will be instructed to isolate for 14 days, even if they have no symptoms.
Asked during an interview on Sky News if employers were being asked to step in and pay people's wages while they isolate, Hancock said: “Yes.”
“If you are instructed by the NHS, for public health reasons, to stay at home then that is the equivalent in employment law to being ill and it is very important that employers are flexible about this,” he said.
Hancock also said an accompanying tracing app, that is key to finding anonymous contacts, is ready but is not being brought in yet.
Employers should pay the wages of anyone told to stay at home by England's COVID-19 test and trace system, British health minister Matt Hancock said on Thursday.To get more news about WikiFX, you can visit wikifx official website.
The service is aimed at allowing the loosening of lockdown measures for most of the population. From Thursday, contacts of those who test positive will be instructed to isolate for 14 days, even if they have no symptoms.
Asked during an interview on Sky News if employers were being asked to step in and pay people's wages while they isolate, Hancock said: “Yes.”
“If you are instructed by the NHS, for public health reasons, to stay at home then that is the equivalent in employment law to being ill and it is very important that employers are flexible about this,” he said.
Hancock also said an accompanying tracing app, that is key to finding anonymous contacts, is ready but is not being brought in yet.
Renault SA is preparing to unveil a plan to eliminate 15,000 jobs
worldwide over three years as part of cost reductions aimed at
outlasting the downturn that has rocked the global auto industry,
according to a union representative.To get more news about WikiFX, you can visit wikifx official website.
The plan includes 4,500 jobs in France that will be cut through attrition and voluntary retirement, Franck Daout, a spokesman for the CFDT union, said on BFM Business Thursday following meetings with management. The carmaker has scheduled an announcement Friday on how it will lower fixed costs by 2 billion euros ($2.2 billion).
“All the job reductions and reorganization of sites will take place through negotiations with the government and unions,” Daout said, adding that management “really emphasized this.” A spokesman for Renault declined to comment.
Earlier in the week, Daout said five sites were threatened in France with possible closure including Choisy-le-Roi, Dieppe, Flins, Caudan (Fonderie de Bretagne) and Maubeuge.
The measures will cap a decisive week for Renault and its Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp. as they navigate a slump in consumer demand and factory shutdowns spurred by the coronavirus pandemic.
The French carmakers plan comes on top of one by the three-company alliance to lower development and production costs and another by the government in France to boost vehicle sales with consumer incentives and a cash-for-clunkers scrappage program.
Renault has been at the center of a political maelstrom in recent weeks over its plans to downsize in France while at the same time seeking a state-backed loan of 5 billion euros to bolster reserves. French Finance Minister Bruno Le Maire warned Thursday he wouldn‘t sign the check until he had examined the company’s strategy “site by site, job by job,” with closures being “a last resort.” At the same time, he said Renault‘s manufacturing capacity is roughly three times what’s needed this year.
The government is Renaults most powerful shareholder and has representation on its board. In exchange for the auto-industry stimulus package, the state has called for manufacturers to commit to keeping production and research in France. Renault and rival PSA Group have pledged to increase local production of electrified vehicles and components.
“If we do nothing, Renault is in danger,” Le Maire has said. While pledging to stand by the company, he has urged the automaker not to close the Flins factory and give careful consideration to the situation at Maubeuge and Douai.
To qualify for the government‘s support, Renault scrapped its dividend. It burned through 5.5 billion euros in the first quarter, bringing its liquidity down to 10.3 billion euros at the end of March. Renault’s incoming CEO, Luca de Meo, is scheduled to take the helm in July.
The plan includes 4,500 jobs in France that will be cut through attrition and voluntary retirement, Franck Daout, a spokesman for the CFDT union, said on BFM Business Thursday following meetings with management. The carmaker has scheduled an announcement Friday on how it will lower fixed costs by 2 billion euros ($2.2 billion).
“All the job reductions and reorganization of sites will take place through negotiations with the government and unions,” Daout said, adding that management “really emphasized this.” A spokesman for Renault declined to comment.
Earlier in the week, Daout said five sites were threatened in France with possible closure including Choisy-le-Roi, Dieppe, Flins, Caudan (Fonderie de Bretagne) and Maubeuge.
The measures will cap a decisive week for Renault and its Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp. as they navigate a slump in consumer demand and factory shutdowns spurred by the coronavirus pandemic.
The French carmakers plan comes on top of one by the three-company alliance to lower development and production costs and another by the government in France to boost vehicle sales with consumer incentives and a cash-for-clunkers scrappage program.
Renault has been at the center of a political maelstrom in recent weeks over its plans to downsize in France while at the same time seeking a state-backed loan of 5 billion euros to bolster reserves. French Finance Minister Bruno Le Maire warned Thursday he wouldn‘t sign the check until he had examined the company’s strategy “site by site, job by job,” with closures being “a last resort.” At the same time, he said Renault‘s manufacturing capacity is roughly three times what’s needed this year.
The government is Renaults most powerful shareholder and has representation on its board. In exchange for the auto-industry stimulus package, the state has called for manufacturers to commit to keeping production and research in France. Renault and rival PSA Group have pledged to increase local production of electrified vehicles and components.
“If we do nothing, Renault is in danger,” Le Maire has said. While pledging to stand by the company, he has urged the automaker not to close the Flins factory and give careful consideration to the situation at Maubeuge and Douai.
To qualify for the government‘s support, Renault scrapped its dividend. It burned through 5.5 billion euros in the first quarter, bringing its liquidity down to 10.3 billion euros at the end of March. Renault’s incoming CEO, Luca de Meo, is scheduled to take the helm in July.
Only one ticket matched all six numbers in the US Mega Millions lottery
for a jackpot of $1.537 billion, just short of a world record, an
official said on Wednesday.Get more news about 电子游戏包网,you can vist nb68.com
The ticket was sold in Simpsonville, South Carolina, at a KC Mart convenience store, the city's Mayor Janice Curtis said in a telephone interview on Wednesday.
The town of 22,000, about 14 miles from Greenville, was abuzz as people clamored to learn more about the winner, but in South Carolina, the person who hit the jackpot can opt to remain anonymous.
The buyer of the ticket beat the odds of 1 in 303 million to win the Mega Millions drawing for one of the largest jackpots in US history.The jaw-dropping jackpot failed to break the record for lottery winnings, held by the $1.586 billion Powerball prize in January 2016.
The Powerball lottery also had a huge prize at stake on Wednesday when 3, 21, 45, 53, 56, and a Powerball of 22 were drawn. The $620 million jackpot made it the fifth-largest in U.S. history. The lump sum cash payout is estimated at $354.3 million.
Before the Mega Millions drawing, lottery officials had been reporting an expected $1.6 billion jackpot, based on estimates tied to historical patterns, lottery spokeswoman Carole Bober Gentry said on Wednesday.
After the drawing, lottery officials rolled back the jackpot total to $1.537 billion, based on actual ticket sales.There are few precedents for a jackpot this size. Typically, about 70 percent of sales occur on the drawing day, so forecasting precise numbers in advance can be difficult," Gentry said in a statement.
For the winner, options include an immediate cash payment of $877.8 million, or the $1.537 billion prize paid out over 29 years.There were 36 second-tier winners, those who picked five winning numbers but did not match the Mega Ball. Most were rewarded with a $1 million prize, but two of them, in Florida and Texas, added a Megaplier option, tripling their winnings to $3 million.In the four days leading up to the drawing, about 370 million of the $2 Mega Millions tickets were sold in 44 U.S. states, the District of Columbia and the Virgin Islands.
The ticket was sold in Simpsonville, South Carolina, at a KC Mart convenience store, the city's Mayor Janice Curtis said in a telephone interview on Wednesday.
The town of 22,000, about 14 miles from Greenville, was abuzz as people clamored to learn more about the winner, but in South Carolina, the person who hit the jackpot can opt to remain anonymous.
The buyer of the ticket beat the odds of 1 in 303 million to win the Mega Millions drawing for one of the largest jackpots in US history.The jaw-dropping jackpot failed to break the record for lottery winnings, held by the $1.586 billion Powerball prize in January 2016.
The Powerball lottery also had a huge prize at stake on Wednesday when 3, 21, 45, 53, 56, and a Powerball of 22 were drawn. The $620 million jackpot made it the fifth-largest in U.S. history. The lump sum cash payout is estimated at $354.3 million.
Before the Mega Millions drawing, lottery officials had been reporting an expected $1.6 billion jackpot, based on estimates tied to historical patterns, lottery spokeswoman Carole Bober Gentry said on Wednesday.
After the drawing, lottery officials rolled back the jackpot total to $1.537 billion, based on actual ticket sales.There are few precedents for a jackpot this size. Typically, about 70 percent of sales occur on the drawing day, so forecasting precise numbers in advance can be difficult," Gentry said in a statement.
For the winner, options include an immediate cash payment of $877.8 million, or the $1.537 billion prize paid out over 29 years.There were 36 second-tier winners, those who picked five winning numbers but did not match the Mega Ball. Most were rewarded with a $1 million prize, but two of them, in Florida and Texas, added a Megaplier option, tripling their winnings to $3 million.In the four days leading up to the drawing, about 370 million of the $2 Mega Millions tickets were sold in 44 U.S. states, the District of Columbia and the Virgin Islands.