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Unite and Magna agree rescue deal for UK's Vauxhall plants

London : United Kingdom | about 1 month ago  
Views: 13
Unite and Magna agree rescue deal for UK's two Vauxhall plants • Union says deal will avoid compulsory redundancies • Government warns agreement is 'not a done deal' Astra cars being assembled at the General Motors's owned Vauxhall plant in Ellesmere Port, Cheshire, north-west England Photograph:...
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  • News Source: The independent | about 1 month ago
    As late as Monday, the future of the deal was still hanging in the balance as the British and Spanish governments threatened to wreck the sale because it favoured GM Europe's Opel plants and workers in Germany. The outcome appears to be a triumph for...
  • News Source: Times Online | about 1 month ago
    Magna International committed itself to the long-term future of Vauxhall’s Ellesmere Port plant and agreed that it would try to find another vehicle to produce at the Luton site to secure its future after 2013. The Business Secretary will now begin...
  • News Source: Androscoggin News | about 1 month ago
    The agreement has removed a key obstacle to the Canadian company’s takeover of Opel and Vauxhall with Russia’s Sberbank and raised hopes that a wider deal between European governments, unions and Magna could be sealed soon. Unite, which had...
  • News Source: International Business Times | about 1 month ago
    Agreement between Magna and a UK labor union on Tuesday brought closer a final deal for General Motors to sell a majority stake in its European carmaking arm Opel to a Canadian-Russian consortium. Talks with governments and labor representatives on...
  • News Source: Xtra News | about 1 month ago
    Unions struck a deal to save two Vauxhall car plants in Britain with the new Canadian parent company, the country's biggest trade union Unite announced on Tuesday. Unite had said last month that the future of the plants at Luton, north of London, and...
  • News Source: Times Online | about 1 month ago
    Thousands of jobs at Vauxhall have been hanging in the balance after General Motors, the American car group, chose to sell the British carmaker to Magna. Unite, the union, said today that a deal had been struck to secure the future of the two plants,...
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  • Blog Source: pennystockblog.us
    UK-based union Unite said it had reached an agreement with Magna after weeks of extensive negotiations. Vauxhall employs around 5500 people. Tony Woodley, joint general secretary of Unite, said production at Vauxhall's Ellesmere Port ...
  • Blog Source: www.nigerianbestforum.com
    'Deal done' to save Vauxhall jobs. Vauxhall car. Vauxhall has two factories in the UK. The Unite union says it has reached a deal with Magna, the proposed new owners of Vauxhall, to protect jobs at Ellesmere Port and Luton. ...
  • Blog Source: scoop.chrysler.com
    10 to sell 55 percent of Opel to Canadian supplier Magna and its Russian partner Sberbank, but the deal stumbled amid labor union demands for a veto on factory closures and concern in the UK and Spain that 4.5 billion euros ($6.7 ...
  • Blog Source: www.thisislondon.co.uk
    UK plant bids to win Vauxhall green deal. 08.10.09. Britain could win the second contract to be the sole European manufacturer of mass-market "green" cars. The head of Vauxhall's Ellesmere Port plant said the factory was a front-runner to win the
  • Blog Source: blog.taragana.com
    Despite labor union objections over possible job losses, the sale of GM's Opel and Vauxhall units to Canadian autoparts supplier Magna International Inc. is expected to go ahead, Henderson told reporters. ..... 'Junk stocks' have dramatically outperf.
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