European Stars and Stripes (Newspaper) - June 28, 1991, Darmstadt, Hesse                                Friday june to. 1991 the stars and stripes a Page 17money matters reunion set up c u to i it Kama Mcclain i Munda i writer  i. Get Many a Mei Lii Tsu Naii Uniti. Bank has entered into an  Sci Lien ssh. Us employees Union that veil Poven. Possible Lay Oil s As . Troop s Siciu to in gel Manis reduced and Coin Nitim a Paiik blanches close. Be Agic Emem requires Bank to manage Mem 10 Oiler comparable jobs to employees  in hoop cuts. Workers who can be placed in new positions will re Leive Severance pay based on their years of service and age. A inc social plan is much better than Laua Ginem originally offered a said Aloysiu won Lahirt spokesman for the inking Unton in Frankfurt. Quot we Are proud Clit because it applies to All 134 Ian cities in  a i ii agreement. Signed last month was hammered out with the help of a German labor court judge who served As Arbi ii a to Quot in the ease James o. Smith merchants general manager in Germany and Wohlfahrt both said they expect the military banking system to survive upcoming troop cuts although a much smaller Bank is Likely to result. Wohlfahrt said he expects the Bank which currently has 1,800 employees in Germany to be reduced 50 percent by 1994. A what branches close and when depends on military decisions Quot he said. Quot and these Are decisions we can to influence very much. The social plan at least gives people some  Smith said merchants management considers the plan to be fair and equitable. A a we re glad to get this thing in the a done column a Smith -.added. If the agreement had t Bee made a we would have had an unsettling morale problem with people wondering whether  have a Job. We did t want that to  de Reavis staff writer r Bank rust. Germany a about 20 a 122. Companies have invested in the Icv. A Asican Geiman states but obstacles u our Tiger investment must be removed of ionic that number will increase the a  of the american chamber of Lomme ice said wednesday. Bie Derici b. Irwin said German Media a part that . Businesses have not t us Neci us Rake advantage of the new rear pc a get babe. But among the obstacles to i overcome Uei Urc Eastern Germany by in. Muse attractive place of invest a i i us of property tights. I Geiman Supi Eine court recently in t m a kind expropriated by the  a a Ioli owing world War ii would i i o Tenned to its owners. The . Claims its hands were t tie soviets insisted before in  that their   to pie Ziotis owners. _. Took land ii in Well known a a a a Quot and Larue landowners Fol i. A War in r i 1 i is supreme court also i i r ca.-e., Wiere pipe Rev rights Ai cd noised it May be leased by the in. Pupate secur for investment v. I be the decision but Aie in a i it ii Jiovo ii w id work out in prac i re it i said.  i the government s. A a i Duie tiie communist con i.  Eastern states by Selling  a  messes a plan to be Arno Steies v. The tre hand Agency. Be . A would liver. Be response be Eam or lire enormous poll a  a lectors. No matter ,. Voie. I Neha to pay for. 0-_ Ioe. Toes a cheat Dover no one will buy a factory no matter How cheap the offer if he has to pay for cleaning up the mess they be created Over the last 40 years a Frederick b. Irwin american chamber of Commerce. Nov a or a. In the new states said Achim a. St be or chairman of the chamber a Trade policy committee. Quot imagine the american businessman coming to Europe for the first time. He Steps off the plane in Leipzig and is con Idun cd with dealing with the tre hand then any number of state and communal officials a he said. A a he a going to ask himself a do i really need this a and hell probably Board the next plane for Home or some other  Irwin called the Eastern states an Ideal investment place for firms that produce High Quality goods and Are looking for a geographical location near future Cus Turners in the former East bloc countries. Quot if one is looking for Low labor costs for mass production articles one would be ill advised to go to Eastern Germany. The government plan to bring the wage level up to that in the Western states in 1993 is not attractive for Many potential investors. They can do better in Ireland or Portugal a he said. Irwin also said there a a feeling in the american business Community that it lacks Access to Eastern Germany and that american firms might be excluded from some of the More lucrative business opportunities. Quot this has been reinforced by the allocation of the Energy business in Eastern germane to a few German and european companies without american participation Quot Irwin said. A. A a. A a a to a a. The agreement requires the Bank to offer new assignments to employees affected by Branch closures or cutbacks in staffing at Sites where troops arc being pulled out. A if due to a Transfer employees must Bear higher travel expenses to their place of employment the Bank will carry the respective additional costs for one year a the agreement stipulates. ,. The agreement includes a complicated formula on Severance pay that provides a maximum of 20 months pay for the Bank a oldest employees with the most service. Olivers get lessor amounts. Five merchants branches will close Between now and aug. 2 in conjunction with base closures already in the works. Branches set to close include. Hess Isch Oldendorf air station Schwabish a Miziul Wei Brincken ai3, bad Tolz. And Neu  More than five employees have turned Down new Job offers Smith  requests More funds to bail out a amp is Washington up amid heightened tension Quot Treasury see rotary Nicholas e. Brady asked Congress for an additional $180 billion to bail out the savings and loan Industry and an extra year to do the Job. Some senators in turn questioned the effectiveness of Brady and other officials assigned to oversee the Industry cleanup and suggested wednesday that the overs High t to a re be. R e o rag n i be d. Brady said the Federal Resolution Trust corp. Needs $80 billion More to  in the Industry and an additional $100 billion in working capital which the government theoretically should get Back. It that a in addition to nearly no billion already spent to insure depositors at failed thrifts and $58 billion in working capital already used to take Over thrifts. Brady also told the Senate banking committee that the Agency now estimates it will need a year be.-, Pond its current August 1992 expiration Date to get the Job done. And he acknowledged that his Cost estimates could change maintaining that the governments ability to sell off the thrifts it seized is directly tied to the health of the real estate Industry now in a  added a if i was dealing with you in private id say or. Chairman you and i both know this is going to be a different  some financial experts have estimated that the bailout costs could total As much As $500 billion Over 40 years and predict that More thrifts will fail than the administration has projected. Sen. Paul s. Sarbanes did said the Public is becoming exasperated with the growing costs of the a amp a bailout