India | UK | US

Ten thousand Opel workers protest against GM U-turn - Update

Berlin - Some 10,000 workers at Opel's largest car factory in Germany stopped work on Thursday to protest against the sudden decision of parent General Motors (GM) not to sell the firm as planned, fearing heavy job losses and factory closures. The De...
Posted : Thu, 05 Nov 2009 11:10:17 GMT
By : dpa
Category : Business
News Alerts by Email ( click here )
Business News | Home
Berlin - Some 10,000 workers at Opel's largest car factory in Germany stopped work on Thursday to protest against the sudden decision of parent General Motors (GM) not to sell the firm as planned, fearing heavy job losses and factory closures. The Detroit-based automotive giant stunned both the German government and Opel employees on Wednesday, when after months of negotiations to sell the firm to an Austrian-Russian consortium, it announced it would now restructure it itself.

GM said Wednesday that it would cut 10,000 jobs across Europe and may close factories.

Roland Koch, premier of the state of Hesse and a member of Chancellor Angela Merkel's ruling Christian Democrats, addressed the crowd at the Ruesselsheim plant.

"We demand that Opel will have a future in Germany and in Europe," he said.

Opel employs some 25,000 people in four factories in Germany, and 50,000 in Europe as a whole, including the British Vauxhall brand.

Further demonstrations are planned in Opel's other sites in Germany during Thursday. An emergency meeting of the Flemish government in Belgium, where Opel also has a plant, was going on and industrial action was planned there this week.

Unions fear that GM will now cut more jobs in Germany than had been planned under the previous deal, in which Austrian-Canadian parts manufacturer Magna, in cooperation with Russian bank Sberbank, would have taken control of Opel.

Koch expressed the government's anger over GM's actions, calling it a massive "waste of time."

The German government began negotiating the future of Opel with GM over a year ago.

Koch promised the workers that the government would work for the best possible outcome for them, and attempted to mitigate renewed fears of job losses.

"This is not an end but a beginning," he said.

The German government had gone to great lengths to preserve jobs in the country ahead of national elections which took place in September.

GM's decision has been received as a serious loss of face for German Chancellor Angela Merkel.

GM has given little indication so far of what its own restructuring plan for Opel, which suffers from excess production capacity amongst other problems, will involve.

The Magna deal had been criticized by other European countries where Opel has factories, such as Spain and Britain, because it appeared to safeguard German jobs over economic logic.

However senior Christian Democrat (CDU) parliamentarian Volker Kauder told broadcaster ZDF on Thursday that "We are expecting from Opel and GM that the jobs in Germany will be kept."

Copyright DPA

Share/Save/Bookmark

Article : Ten thousand Opel workers protest against GM U-turn - Update
Print this article
Email this article

Stay Updated
News gadget on your Google homepage
Subscribe to a news feed in Google Reader


Related News

EU regulators charge Philips, others over cathode ray tube cartel
Brussels - European Union regulators Thursday formally charged Dutch electronics giant Philips and other manufacturers of cathode ray tubes (CRT) of forming a cartel aimed at inflating the price of television sets and computer monitors. The announcem...

EU officials eye 3.7 per cent pay rise despite crisis
Brussels - European Union officials in Brussels have raised eyebrows by eyeing 3.7-per cent pay rises at a time of deep economic crisis and near-zero inflation. The proposed hikes reflect increases in the cost of living in Brussels. They also take in...

China's overcapacity hits whole world, EU business study finds
Beijing - China's industrial overcapacity is affecting economic growth in dozens of industries across the world and is diluting the Chinese government's efforts to create more sustainable economic development, a European Union business group said in ...

Dubai World asks for debt moratorium
Dubai - Dubai World, the state-owned real-estate and ports giant that has driven much of the economic growth in the city-state in recent years, has asked for a moratorium on its debt. The company asked creditors if it could delay payment on its 59 bi...

Dutch consumer spending continues to drop
Amsterdam - Dutch consumer spending has continued to drop, the country's Central Bureau of Statistics (CBS) said in its monthly report released on Thursday. The Dutch economy officially came out of recession in the third quarter of 2009, but the late...

Philippine economic growth slows down in third quarter
Manila - The Philippines' economic growth slowed to 0.8 per cent in the third quarter of 2009 from a year ago, the government said Thursday. The gross domestic product (GDP) growth from July to September was down from 4.6 per cent from the same three...

Strong yen drives Nikkei down to four-month low - Summary
Tokyo - Shares in Japan lost ground Thursday, with worries about the strong yen and the lagging recovery of Japan's economy driving the key Nikkei index to a four-month closing low. The benchmark Nikkei 225 Stock Average dropped 58.4 points, or 0.62 ...

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 

 

More Business News click here
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark

 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.