2023 Author: Eric Donovan | [email protected]. Last modified: 2023-08-25 09:36
In the struggle for state guarantees for Opel, the federal government is likely to say no. The federal government should provide aid from the Germany Fund. However, Opel was not a victim of the current crisis and could not use the fund, it was said in high-ranking coalition circles.
A decision should be made on Wednesday after months of negotiations. Opel wants a loan guarantee of 1.1 billion euros from the federal and state governments. The four federal states with Opel locations - Hesse, North Rhine-Westphalia, Thuringia and Rhineland-Palatinate - hope that they can change Chancellor Angela Merkel (CDU) at the last minute.
GM has reserves
Federal Minister of Economics Rainer Brüderle (FDP) is very critical of the Opel application. The US parent company General Motors (GM) has billions in reserves to restore the German subsidiary on its own. Europe-wide GM wants to cut around 8000 of the 48,000 jobs, of which around 4000 in Germany.
The decisive meeting of the Steering Committee of the Germany Fund is to take place in Berlin on Wednesday. Originally, top government officials wanted to give final advice last Friday. The countries then pushed through a shift. They wanted to gain time to find compromises.
Works council in Bochum does not adopt restructuring plan
The Rhineland-Palatinate state government warned the federal government against going it alone. It is unacceptable that the federal government now “decides on the future of Opel and thus the fate of thousands of employees without involving the countries concerned,” said Prime Minister Kurt Beck and Economics Minister Hendrik Hering (both SPD).
The Opel workforce also fought for a guarantee until the end. After the colleagues at the Rüsselsheim, Kaiserslautern and Eisenach locations, the employees and the works council in Bochum also adopted the restructuring plan on Tuesday. In doing so, they accepted cuts in wages.
Fears of job cuts
Throughout Europe, the workforce wants to support the renovation by 2014 with a wage waiver of 265 million euros annually. Previously, 1,500 Opel employees demonstrated on Monday in Frankfurt for the preservation of their jobs.
If the federal government votes against, the works councils fear that GM will cut even more jobs and close the Bochum, Eisenach and Kaiserslautern plants, as Rainer Einenkel, head of the Bochum works council, underlined.
Wait and see attitude
Opel boss Nick Reilly had emphasized several times that the renovation would be at risk without state aid. The US parent company General Motors (GM) is majority-controlled by the US government and cannot use US tax money in Europe. The company did not want to evaluate its chances of government aid on Tuesday. "We'll just wait and see," said a company spokesman. (dpa)
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