EU: governments of States affected by Opel’s restructuring will cooperate

The social plan is ready. At the meeting on November 23 in Brussels, Nick Reilly, chairman of GM Europe, confirmed that there was a social plan for Opel and that its content would be revealed at the end of the week. The company also told the representatives of the States affected by this plan that it would go to each of these countries to bargain individually for financial guarantees. After the meeting, representatives from the Belgian, German, Spanish and British governments, the main countries where Opel and Vauxhall subsidiaries are located in Europe, agreed not to start negotiating on their side, postponing any commitment until after the Council of European Ministers next week, and after receiving the social plan.
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individually for financial guarantees. After the meeting, representatives from the Belgian, German, Spanish and British governments, the main countries where Opel and Vauxhall subsidiaries are located in Europe, agreed not to start negotiating on their side, postponing any commitment until after the Council of European Ministers next week, and after receiving the social plan.

The States are cautious as to the award of guarantees. While GM is banking on major support from these European countrie

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