Union voices GM deal job concerns (BBC)

[eppur_se_muova]

Union leaders say they fear for UK jobs after a deal was announced to save the European arm of General Motors.

Germany has agreed a deal with Canadian car parts maker Magna International to take over most of GM Europe, which owns Vauxhall and Germany-based Opel.

The UK government says it is optimistic Vauxhall, which employs 5,500 people in Luton and Ellesmere Port, can be saved.

But Derek Simpson, general secretary of the Unite union, fears German plants will be saved rather than UK factories.

Under the deal struck late on Friday night, the German government will provide an emergency loan of £1.3bn while the European arm of GM is sold to Magna, with investment backing from Russia.
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more: http://news.bbc.co.uk/2/hi/business/8074834.stm