Spanish Opel unions, Magna set for new talks

22nd October 2009, Comments 0 comments

Representatives of Magna, unions and industry ministry met Wednesday in an attempt to reach new deal on job cuts.

Madrid – Unions at the Opel factory in Spain are to meet with representatives of Canadian auto parts maker Magna International Wednesday in a new bid to reach agreement on the plant's future, the government said.

The planned talks come a day after unions called two 48-hour strikes for October and November after they failed to reach a deal with Magna on job cuts.

Magna wants to cut around 1,300 of the 7,000 staff at the Opel factory in Figueruelas and move some production to Germany.

Representatives of Magna, unions and Spain's socialist government have held several meetings since last week in an attempt to reach an accord on the future of the plant.

A spokesman for the industry ministry said a new meeting would be held late Wednesday.

In September, struggling US giant General Motors announced the sale of a majority stake in its European arm Opel to Magna and its partner, Russian state-owned lender Sberbank.

The deal was supposed to be finalised last week but was then criticised by the European Commission owing to a clear preference by Berlin for Magna's bid over several alternatives.

Sources in Germany said Wednesday the final signing of sale could take place by the weekend if talks with unions and the European Commission bear fruit.

Magna is reportedly planning to cut 10,500 jobs across Europe.

AFP / Expatica

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