German union girds for Opel talks (Dealscape

Germany's biggest labor union said Friday it is steeling itself for tough negotiations with the new owner of Adam Opel GmbH while European governments promised that any state aid extended to General Motors Co.'s European unit would adhere to competition guidelines.

Union IG Metall said it would not accept any layoffs or the closure of any German plants after GM decided Thursday to sell a 55% stake in Opel, of Rüsselsheim, Germany, to Canadian auto supplier Magna International Inc. and its bid partner, Russia's Sberbank.

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NOT A SUBSCRIBER? German union girds for Opel talks Posted on September 14, 2009 7:43 AM Germany's biggest labor union said Friday it is steeling itself for tough negotiations with the new owner of Adam Opel GmbH while European governments promised that any state aid extended to General Motors Co.'s European unit would adhere to competition guidelines. Union IG Metall said it would not accept any layoffs or the closure of any German plants after GM decided Thursday to sell a 55% stake in Opel, of Rüsselsheim, Germany, to Canadian auto supplier Magna International Inc. and its bid partner, Russia's Sberbank. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 151 articles related to Adam Opel GmbH 147 in-depth reports of Auctions in the Automotive sector 89 in-depth transaction records for General Motors 18 articles related to IG Metall 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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