Thursday, September 10, 2009

GM deal : "Not The News We Wanted To Hear" - Tony Woodley

Jobs at Vauxhall are now at risk after General Motors' European arm was sold to a consortium that promised to safeguard only German jobs.

The Berlin Government has promised of billions of pounds of sweeteners to the company.

The deal, which will give the Canadian company Magna and Russian bank, Sberbank, a 55% stake in the operation

Although Pat McFadden, the industry minister, sought to provide some reassurance saying that the consortium had promised that neither plant would be shut down he added: "Nobody can guarantee that no job will go."

Tony Woodley stepped up pressure on the Government to protect British jobs. "It is not the news we wanted to hear. The Magna deal will, without a shadow of a doubt, will preserve more German jobs than any others in Europe. If they want British money, it must be to protect British jobs."

But he refused to criticise Lord Mandelson, the Business Secretary.

"What he needs to do is what he has been doing over the last couple of months. Any grant aid be on the basis that we have a long term future for the future of a plants and jobs."

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