Platinum Equity owns French company hit with layoff unrest
A French plant owned by Beverly Hills-based Platinum Equity, former owner of the Union-Tribune, is experiencing real labor unrest: the workers are threatening to blow up the place, according to the publication Testosterone Pit. Tuesday (Feb. 5) the 168 remaining employees at DMI, an auto parts maker in Vaux, France, placed gas cylinders throughout the plant and threatened to blow it up unless their demands were met, according to the publication. The cylinders were rigged so that they would turn into bombs. The factory entrance was blocked. The workers said they want Platinum to come back to the negotiating table. Forty percent of the employees have gotten the axe.