Home News All parliamentary parties dissatisfied with Opel’s restructuring plan

All parliamentary parties dissatisfied with Opel’s restructuring plan

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FRANKFURT (Dow Jones) – General Motors (GM) presented Approach to redevelopment of the car manufacturer Opel has the Parliamentary parties have been sharply criticized in unison. At a meeting of the Committee of Economics and Technology on Wednesday, all parliamentarians have parties represented their displeasure with the plans by GM expressed, as indicated in a memorandum from the Federal Press Service.
The policy criticized, inter alia, that an effective Partitioning approach is lacking, the potential of an outlet in the German state aid Could prevent overseas. The planned contribution of small GM Opel’s renovation will be criticized.
The governing parties in particular complain that there are no statements the equity issue there. Opel will not say so, as after Expiry of the current term indebtedness, the end of 2013 Risks of failure could be ruled out.
According to estimates of the SPD parliamentary group in the submitted Approach, many important questions unanswered. The decision on public assistance is difficult, according to the Social Democrats, as long as GM and Opel’s workers no reasonable Basic conversation had.
The Group of the Left asked the government to submit Vertices that appear on a viable Opel Concept needed. Alliance 90/The Greens described a possible publicly-funded job cuts in Rüsselsheim as "regulatory madness".

   

Website: www.opel.de

-By Nico Schmidt and Christoph Rauwald, Dow Jones Newswires;
+49 - (0) 69 297 25 114; nico.schmidt @ dowjones.com
DJG / ncs / cbr
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(END) Dow Jones Newswires

February 24, 2010 09:58 ET (14:58 GMT)

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