Nov 5th, 2009 - Bloomberg
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Nov. 5 (Bloomberg) -- General Motors Co.’s Opel divisionemployees will demand a bigger role in company decisions nowthat the carmaker has dropped a plan to sell the Europeanmanufacturer, the unit’s top labor leader said.
Workers want GM to convert Adam Opel GmbH into a joint-stock company to increase their power, Klaus Franz, head ofOpel’s works council, said today at a rally at the division’sheadquarters in Ruesselsheim, Germany. A 10 percent stake forworkers proposed by Magna International Inc., the Canadianmanufacturer that tried to buy Opel, would be a “farce” underGM ownership, Franz said.
Related stories:
German Governor: GM Must Keep Open All Opel Plants In Germany
Nov 5th, 2009 - CNNMoney
BERLIN -(Dow Jones)- The German government and states with Opel factoriesagree that General Motors Co.'s restructuring plan for Opel must keep all fourfactories in the country open...
GM readies Opel plan, workers strike
Nov 5th, 2009 - Reuters
DETROIT/RUSSELSHEIM, Germany (Reuters) - General Motors Co GM.UL on Thursday said it was readying a plan to restructure Opel and could pay off debt due this month as German...Opel employee council agrees cost cuts
Nov 3rd, 2009 - BusinessWeek
Opel's employee council says workers have agreed to make cost-cutting contributions worth euro265 million ($390 million) a year to ease the auto maker's sale to a consortium led by car parts maker Magna.
Two Days of Talks Said to Sway GM Board, Chief on Opel's Value
Nov 4th, 2009 - Bloomberg
Nov. 4 (Bloomberg) -- General Motors Co.’s board began ameeting poised to sell most of Opel to Magna International Inc.and scrapped the deal after concluding that the money-losingunit could be saved...
GM Battles Worker, German Resistance in Attempt to Rescue Opel
Nov 4th, 2009 - Bloomberg
Nov. 4 (Bloomberg) -- General Motors Co. must overcomeresistance from German workers and politicians as it eliminatesjobs to save the Adam Opel GmbH division from bankruptcy aftercalling off a planned sale to Magna International Inc.
Related videos from YouTube:
6:01Max Keiser on GM: US predators sacrifice workers as lambs
The United States does not value jobs and trade unions; General Motors cut ten thousand jobs across Europe at its Opel unit in favour of Christmas bonuses. That's the view of Max Keiser, finance critic and former stockbroker. ...
3:23Opel deal crash: Rage as GM plans 10,000 job cuts
General Motors has confirmed that it will cut ten thousand jobs across Europe at its Opel unit. Workers in Germany say they will protest the decision. This comes a day after GM abandoned plans to sell Opel to a consortium of Canadian firm Magna and Russia's Sberbank.
2:13GM to Sell Opel to Magna
After months of suspense, the board of General Motors has decided to sell its European arm Opel to the Canadian-Austrian auto parts group Magna. This has also been approved by the Opel trust, that has the final say in the sale of the carmaker ...
10:13Detroit Auto Show Auto Worker Rally - 2009
On January 11, 2009, active and retired autoworkers, labor and community activists, and others concerned about the future of US manufacturing, healthcare, the environment, the economy, and working families rallied outside Cobo ...
