"It's of crucial importance to us that there is a complete financing until 2014. We do not want at all to find ourselves in the situation that they cancel once again (investments in) models and new development work," Lothar Sorger, Opel's deputy labor leader in Kaiserslautern, Germany, commented on the subject.
GM will also hold meetings with EU representatives and officials of the countries that are hosting Opel factories, in a move meant to clarify the state aid the US manufacturer might receive for Opel's reorganization. Still, the EU Commission has warned countries participating to the negotiations to avoid outbidding each other as part of their efforts to preserve job cuts.
Nick Reilly, Opel and Vauxhall CEO, said in a statement that GM intends to reduce production capacity by 20 to 25 percent.
"We are still finalizing the details on the plan, and that is why next week I will be back in Brussels, meeting with EU representatives as well as governmental officials from the five countries where we have plants," he said.
"Time is not on our side. I cannot make excuses for things done in the past, but we can move forward. I intend to present by mid-December a sustainable plan that is in the best interest of Opel and Vauxhall; one with clearly defined, achievable results."