German regions support Opel - June 11, 2010

The soap opera twists rescue Opel has caused a new skirmish in the German government between the Liberal Democrats and Conservatives. On Wednesday evening, the conservative chancellor, Angela Merkel, had repudiated his Liberal minister of Economy, Rainer Brüderl, which had ruled against the granting of state aid to troubled German manufacturer. On Thursday, after a meeting at the chancery, the four host plants Opel Länder have pledged to help the manufacturer.

"The four prime ministers have decided to make available to the company for discussions," said the boss of North Rhine-Westphalia, Jürgen Rüttgers, after the meeting. Rüttgers refused to discuss figures.However, the states concerned should increase the amount of their participation in the recovery plan of Opel to save jobs related to les sites of production established on their territory.

Public support of 1.1 billion euros, denied Wednesday Brüderl, should be financed by up to 46% by the federal government, followed by Hesse (29.19%), the North-Rhine- Westphalia (7.11%), Rhineland-Palatinate (5.61%) and Thuringia (2.47%). The Board of Opel has warned that without public support, the parent company, General Motors could eliminate more jobs in Germany as the 4000 dismissal under the current restructuring plan.

Consolidation of the range

Opel employs approximately 25,000 employees in Germany. The factories in Bochum, Eisenach and Kaiserslautern are threatened with closure teletrek No payday advance.Only the maintenance of the center of research and development of Rüsselsheim is guaranteed.

Brüderl had justified its rejection of the application for public assistance from General Motors for its European subsidiary in finding that GM had enough funds to help recover Opel. He made his decision after a meeting of a committee that could not reach a common position after reviewing the request for assistance. GM plans to spend 1.9 billion euros to boost Opel, currently in deficit. The restructuring program includes a 20% capacity of Opel and an overhaul of the range by 2014.

The Liberals had reluctantly accepted, on weekends, a package of measures to save 80 billion euros by 2014 in the federal budget.By refusing the assistance of 1.1 billion, which would have preferred, he said, a builder on the other, the minister wanted to show that liberal ideas were not dead.

However, Angela Merkel warned that Berlin had "not heard the last word in the file Opel" thereby alienating Brüderl, who also refused to grant guarantees for loans to Opel in Europe. The Chancellor, who seeks to preserve its image as a protective mother of the nation, convened on Thursday, meeting with government leaders of regional states concerned to encourage them to increase their participation to fill the hole left after the withdrawal of funds Federal.

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