Opel discussing a labor proposal to rescue the plant in Antwerp

Article by Christian A., on August 26, 2010

Talks are ongoing for a labor proposal to save an Opel plant in Antwerp, Belgium, from being shut down, according to an Opel spokesman. A source said that the proposal anticipates finding a private investor who could potentially cooperate with Opel in producing convertible models.

In late January, CEO Nick Reilly said that it had plans for its Antwerp plant to close by June or July, unless an alternative could be found through negotiations with the unions.

Reilly said that GM has made several attempts to find another way but it had failed to do so. Back then, Reilly had said that the company is losing money and that there has to be action.

Opel's European works council, which regarded the closure as a "breach of contract" that would lead to millions in unnecessary costs, withdrew its offer to support Reilly's restructuring plan with 265 million euros in annual wage concessions.

The unions are upset as well with Reilly's intention to cut Opel's capacity by a fifth and eliminate 8,300 jobs in Europe. In an attempt to gain support from governments and unions, GM last week tripled its funding commitment for Opel and lowered its request for state aid. [via autonews - sub. required]

Topics: opel, belgium, production

If you liked the article, share on:

Comments

Recommended

The new 2018 Ford Mustang GT, when equipped with its optional Performance package, will be able to produce 460 horsepower. It also comes fitted with Michelin Pilot Sport 4S tires...
by - October 19, 2017
It’s not as if the Porsche 718 Boxster and Cayman are not already impressive cars. The automaker has just given us more reasons to love the twins. The 2018 model...
by - October 19, 2017
After months of dropping online teasers, Polestar finally reveals its very first production car virtually. The Polestar 1 is a two-door coupe that gets its design inspiration from the 2013...
by - October 19, 2017
While the official premiere of 2018 Jeep Wrangler (JL/JLU) is already set this December, fans everywhere rejoiced at having had something like this appear on the web. Yes, everything we...
by - October 19, 2017
South Korean carmaker Kia will try to follow up the success of its Sportage compact sports utility vehicle by introducing a smaller SUV (subcompact) in the United Kingdom in the...
by - October 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries