Still, it's not clear whether parties involved in the matter, Magna, GM and labor leaders respectively, managed to reach an agreement on the proposed job cuts. Employees across Europe have already protested against the Magna cost-cutting measures which, according to leaked documents, could remove 10,500 of the 50,000 jobs in plants across the continent.
In the United Kingdom, Magna is believed to lay off people at two production facilities belonging to Vauxhall, but negotiations on the matter are still under way.
"Some progress is being made in talks between key parties but there are still issues to be resolved," said a spokeswoman for the Department of Business, Innovation & Skills. "We, like everybody else, would like a speedy resolution but we want to get the terms right."
The situation in Antwerp, Belgium is uncertain as well, after General Motors officials admitted the production facility is at risk, but refused to provide more details on the matter.
"That plant has been under evaluation for some time; no final decision has been taken. But it's certainly at risk," GM CEO Fritz Henderson said at the Frankfurt Auto Show last month. "We want this deal to close. We want Opel to succeed - period. There is no call option. There is no put option. So they can't force us to buy and we can't force them to sell. But if they want to sell, we have the right to make an offer," he said.
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