Magna to Cut 1,400 Vauxhall Jobs
Germany would be the most affected, if we trust the leaked documents, with 4,116 fired employees. Belgium takes the second place with 2,517 fired employees, followed by Spain with 2,090 and the UK with 1,373. Magna hasn't commented on the reports so we can't say for sure whether the news is indeed true or not.
"We always said that we would have to restructure in order to stay competitive in the long term, given the massive crisis in the car industry," GM Europe president Carl-Peter Forster said.
GM CEO Fritz Henderson revealed last week at the Frankfurt Auto Show that the Antwerp production plant in Belgium is indeed at risk but stated that a decision is to be made soon, probably after talks with those involved.
"We looked at it in detail but it just didn't make sense based on our own internal analysis," he said. "That plant has been under evaluation for some time; no final decision has been taken. But it's certainly at risk."
Workers across Europe are protesting against Magna's takeover. Spain is the best example as Opel employees demonstrated last weekend because the Canadian - Austrian partsmaker is expected to cut around 1,700 jobs at the Zaragoza plant.