Luton van workers call on Mandelson to fight for them

Business Secretary visits Vauxhall van plant today Workers at Vauxhall's Luton van plant are today trying to persuade the Business Secretary, Lord Mandelson, to fight for the factory's future in his negotiations with potential buyers of its parent company. GM Europe (GME), which includes Vauxhall in the UK and Opel in Germany, was spun out of the failing US giant days before it collapsed into bankruptcy. The division is currently surviving on a €1.5bn (£1.3bn) bridging loan from the German government and is in the process of being sold. Whichever bidder wins, GME faces major cuts to bring capacity into line with recession-hit demand. The question is which factories will go and, with national governments playing a key role in sweetening the deal, there is major political pressure to barter to secure domestic jobs. Lord... [read full story]                    

powered by
Add Comment
There are also 28 related articles
View all news articles about*:
*Newstin tag cloud displays all featured persons, associated organisations, related topics, regions and companies