topics
tools
Expatica countries
Index Last Var.(%)
BEL 20 2130.68 0.53
DAX 6407.21 1.06
IBEX 30 6502.1 -0.63
CAC 40 3073.75 0.85
FTSE 100 5399.33 0.89
AEX 295.68 1.00
DJIA 12454.83 -0.60
Nasdaq 2837.53 -0.07
FTSE MIB 13175.91 0.16
TSX Composite 11576.47 0.09
ASX 4120.2 0.96
Hang seng 18798.61 0.46
Straits Times 2792.63 0.72
ISEQ 20 502.38 0.29
You are here: Home News Community News Belgian region seeks clarity on Opel plant's future
Enlarge font Decrease font Text size


05/11/2009Belgian region seeks clarity on Opel plant's future

The head of the Belgian region of Flanders has urged General Motors to pronounce on the future of the Opel auto factory in Antwerp, after the US company scrapped plans to sell off Opel.

BRUSSELS - The now-scrapped restructuring plan "was not good for Antwerp" said Kris Peeters, minister-president of the Dutch-speaking northern region of Belgium.

"Now they are talking of another plan. The question is what will the fate of Antwerp be in this plan," he told Dutch-language television channel VRT.

The Antwerp plant, employing some 2,300 people, had appeared condemned by GM's plan to sell off its European car division to the Canadian group Magna and its Russian partner Sberbank.

However General Motors announced Tuesday that its board had decided to keep Opel, angering Germany which had backed the original scheme as the best way of assuring jobs there.

GM said the decision to abort the deal was made due to an improving business environment and "the importance of Opel/Vauxhall to GM's global strategy."

The Flemish region had proposed giving up to 500 million euros (738 million dollars) of aid in exchange for guarantees that the Antwerp plant would survive, an offer which Peeters said remained on the table.

"If Antwerp is given a lasting future, we can talk," he confirmed.

AFP/Expatica


0 reactions to this article

0 reactions to this article

Discussion Forums

Technology in Spain

Sat phones/internet links

English in Spain

What is the best travel insurance cover to Spain?

American in Spain

U.S. citizens, plan to vote in 2012? Did you know...

Relocation to Spain

thinking of moving to madrid

Jobs in Spain

Job Agencies or how to find work.

participate in the forums

Inside Expatica
Editor's Guide: Getting Started in Spain

Editor's Guide: Getting Started in Spain

Expatica's Getting Started section will provide practical information on how you can open a bank account, exchange your driving licence, improve your Spanish, and more.

Groups and Clubs in Madrid

Groups and Clubs in Madrid

Here's a guide to an extensive list of groups and clubs in Madrid for expats, from sports groups to social and family gatherings.

Groups and Clubs around Spain

Groups and Clubs around Spain

A brief introduction to our Tax section for Spain, from help with inheritance tax to accounting advice.

Groups and Clubs in Barcelona

Groups and Clubs in Barcelona

Here's a short introduction to our Banking section for those living in Spain, from what to ask the experts to opening a Spanish bank account.