A report in Financial Times Deutschland suggests that Opel/Vauxhall employees in Europe are sharply divided on their bid preferences with a geographical split evident in terms of German and non-German employees.
Go deeper with GlobalData
While the German staff of Opel prefer Magna to buy the company, workers abroad mainly support the rival bidder – RHJ International.
The report notes that for non-German staff there is an expectation that RHJ would cut fewer jobs outside Germany than Magna. Magna’s bid is perceived as enjoying strong German support because of assurances given on jobs to Germany ahead of federal elections and in return for German financial support.
At the beginning of August, Spanish trade union UGT announced it prefers RHJ’s acquisition concept because it involves 1,400 job cuts in Zaragoza, or fewer than the 1,700 in Magna’s strategy.
British trade union Unite has said that it prefers the RHJ bid on the grounds that it would mean fewer jobs lost in the UK than under the Magna proposal.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe FTD report notes that Opel/Vauxhall has a staff exceeding 45,000 throughout Europe, with 25,000 workers in Germany alone.
