WikiWirral Wirral's Biggest Online Forum
Forum Stats
12251 Members
65 Forums
72897 Topics
982673 Posts
43 posts in the last 24hrs
Max Online: 7831 @ 8th Apr 2013 4:18pm
Who's Online - Click Me
104 registered (alan128, 15 invisible), 1840 Guests and 280 Spiders online.
Key: Admin, Global Mod, Mod
Social Media : Follow Us


(Views 7days)This Weeks Most Read
boom 1651
Incident at Westminster 1561
Martin Mcguinness dies 735
Council tax bill for this year 2017 516
Offset number plates 495
Port Sunlight 339
William Bernard's building, Birkenhead 279
What does this all mean? 241
black contiboard locally? 234
Planet Earth Tonight 221
New General Forums
hi
by norma67
Yesterday at 07:42 PM
Clocks go Forward
by Mark
25th Mar 2017 3:01pm
Mannequin Challenge AKA MRI Scan
by fish5133
24th Mar 2017 11:20am
Surely the most honest add.....
by buddy
20th Mar 2017 5:43pm
New Wirral History
William Bernard's building, Birkenhead
by yoller
20th Mar 2017 4:27pm
1882 Plan of the borough of Birkenhead and Wards
by Dave_Wood
19th Mar 2017 11:57am
New Brighton Coop
by Mike_White
9th Mar 2017 12:48pm
Tranmere High School for Girls 1882 Chesnut Grove
by sarah708
6th Mar 2017 8:23pm
Whetstone Lane, Birkenhead
by MoretonExpat
6th Mar 2017 8:04am
Forum Tips
Photo Gallery Forums
Birkenhead Transport Museum 24th Feb 2017
fireworks on the Mersey last night
Topic Replies
Huge Gas Explosion in New Ferry Sat 25/03/17
by venice
Today at 01:18 PM
boom
by pacef8
Today at 11:50 AM
Incident at Westminster
by casper
Today at 09:48 AM
Snowhite's Bird Rescue
by diggingdeeper
Today at 12:34 AM
33 lions
by granny
Today at 12:03 AM
hi
by rocks
Yesterday at 11:51 PM
KEYS found
by rocks
Yesterday at 11:48 PM
What song are you listening to?
by snowshoes
Yesterday at 07:21 PM
boxed 10 inch tablet for sale
by stumpyduck
Yesterday at 07:12 PM
March
M Tu W Th F Sa Su
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31
Recent Posts : What's On ?
Planet Earth Tonight
by Excoriator
Yesterday at 10:31 AM
Lee and Cragg Quarries - Bacup
by Mark
23rd Mar 2017 7:43am
Topic Options
Rate This Topic
#363047 - 3rd Nov 2009 11:20pm GM Cancels Opel/Vauxhall Sale
MattLFC Offline
Wiki Master

Registered: 14th Aug 2004
Posts: 22315
Loc: Moreton/Beirut/Mobile
Originally Posted By: BBC News
General Motors (GM) has announced it has cancelled plans to sell its European car business Opel, including its UK brand Vauxhall.

The US giant said in a statement that its board had made the decision because of "an improving business environment for GM over the past few months".

GM had agreed to sell Opel and Vauxhall to Canadian car parts firm Magna. The Magna deal had the backing of the German government, which had pledged 4.5bn euros ($6.7bn; £4bn) of loans.

GM added that it had also come to its decision because of the importance of Opel and Vauxhall to its global strategy. It said it would now "initiate a restructuring of its European operations in earnest" and seek aid from the German government, and other European states.

However, its decision is likely to cause much anger in Europe, where the planned sale of Opel has been dragging on for months.

BBC News Report

Top
National News : Advertising
Click me for more Information......

* * * Superior Heating by Stephen Foster (Dodie) * * *
Now Advertise with WikiWirral.
WikiWirral stats 35,000 Page Views a Day +500 Search Engines.. Click Me
#363052 - 3rd Nov 2009 11:25pm Re: GM Cancels Opel/Vauxhall Sale [Re: MattLFC]
Sanchez Offline

Wiki Veteran

Registered: 17th Dec 2003
Posts: 8019
Loc: my house
Well I didnt see that one coming.........
_________________________
Uncertainty or not knowing causes depression, Im happy because I know I'm going to die one day!

Top
#363061 - 3rd Nov 2009 11:30pm Re: GM Cancels Opel/Vauxhall Sale [Re: Sanchez]
MattLFC Offline
Wiki Master

Registered: 14th Aug 2004
Posts: 22315
Loc: Moreton/Beirut/Mobile
Restructuring is a term in business, that essentially means job losses and massive cuts in budget.

Ellesmere Port, watch out!

Top
#363089 - 4th Nov 2009 12:33am Re: GM Cancels Opel/Vauxhall Sale [Re: Sanchez]
Tony_1985 Offline

Forum Master

Registered: 19th Aug 2006
Posts: 2421
Loc: Ellesmere Port
Originally Posted By: Sanchez
Well I didnt see that one coming.........


neither did i

more uncertainty looms

Top
#363109 - 4th Nov 2009 8:42am Re: GM Cancels Opel/Vauxhall Sale [Re: Tony_1985]
hoseman Offline
Forum Master

Registered: 30th Sep 2007
Posts: 2346
Loc: Bromborough
The Magma deal would have guaranteed Vauxhall production in Ellesmere Port until 2016. Now its anyones guess!!
I do work in there and sometimes even the workers dont know whats happening from one day to the next!
Its realy quiet in there, even sellng one of the production lines abroad in the press shop, maybe another next year im told...Not good!
_________________________
IF IT HAS A HOSE THEN IM YOUR MAN

BETTER TO BURN OUT THAN FADE AWAY!

Top
#363120 - 4th Nov 2009 9:12am Re: GM Cancels Opel/Vauxhall Sale [Re: Sanchez]
BossFan Offline
Enthusiast

Registered: 5th Mar 2009
Posts: 105
Loc: In my own world,but that's oka...
Originally Posted By: Sanchez
Well I didnt see that one coming.........


I did. I also work there, in the paint unit. We would have been more surprised if the deal to sell to Magna, or any of the other bidders, had gone through.

The general feeling is that this is the best outcome for Ellesmere Port. The future looks more stable for the workers there.

But I think the announced deal to sell to Magna was political, as the was an election in Germany at the time.
_________________________
The only Boss I listen to is BRUCE SPRINGSTEEN

Top
#363178 - 4th Nov 2009 12:57pm Re: GM Cancels Opel/Vauxhall Sale [Re: BossFan]
_jase_
Unregistered


Ellesmere Port unions’ amazement as Vauxhall sale to Magna called off




GENERAL Motors has scrapped plans to sell Vauxhall to the Canadian car parts firm Magna.

Staff at the plant had been bracing themselves for GM’s sale of the plant, which had threatened 10,500 jobs across Europe.


A meeting assumed to herald the ratification of the deal, however, saw a complete turnaround late last night – prompting a “cautious welcome” from Union bosses.

Acknowledging the move will see a return to the plan to restructure the business, a spokesman for GM in the US said the decision followed an improvement in the business environment in Europe and an upturn in GM’s financial health.

Last night, Unite convenor at Vauxhall, John Fetherston, said the News had stunned not only workers but the union.

He said: “When we heard the Sale was off it was amazement, it was an extreme surprise.

“We knew the company was meeting last night to give it another look, but the assumption was it would be to ratify the decision to sell, so to find out we are being kept in the GM family is a surprise – and a welcome one.

“GM does have a business plan that will involve cost- cutting and cost reduction, so we have to wait and see.

“I think the reaction at the plant will be it’s better the devil you know, but there’s another saying – the devil is in the detail.”

The deal to sell off Opel and Vauxhall to Magna had the backing of the German government, which pledged 4.5bn euros (£4bn) of loans.

The decision will see unions and the Government scrambling to find out where the scrapping of the Sale leaves workers in Ellesmere Port.

Mr Fetherston added: “GM in the US have been fairly vicious, so we have to take it from here.

“They know what Ellesmere Port can do. They awarded us the Astra and we launched it so hopefully they will look at our capabilities and look after us.”
Fritz Henderson, president and chief executive of General Motors, said: “We understand the complexity and length of this issue has been draining for all involved.

“However, from the outset, our goal has been to secure the best long-term solution for our customers, employees, suppliers and dealers, which is reflected in the decision reached today.

“This was deemed to be the most stable and least costly approach for securing Opel/Vauxhall’s long-term future.”

An agreement reached with the Union and Unite was reached recently to remove uncertainty surrounding the 5,500 workers at the Ellesmere Port and Luton factories.

Both plants were given job security and a future through to 2013.

The deal with Magna had been backed by Business Secretary Lord Mandelson.

A Department for Business spokesman said: “We have noted GM’s announcement today and want to work closely with GM to understand their plan for the business and what it means for the UK.

“We have always said that, if the right long-term sustainable solution is identified, then the Government would be willing to provide funding to this.”



THE POST

Top

Moderator:  Mod 
Random Wirral Images

Click to View Topic.
Newest Topics
KEYS found
by rocks
Yesterday at 11:48 PM
hi
by norma67
Yesterday at 07:42 PM
Huge Gas Explosion in New Ferry Sat 25/03/17
by Dogwalker59
Yesterday at 10:36 AM
Snowhite's Bird Rescue
by diggingdeeper
Yesterday at 02:44 AM
boom
by diggingdeeper
25th Mar 2017 9:39pm
For Sale & Free
boxed 10 inch tablet for sale
by stumpyduck
Yesterday at 07:12 PM
various fly reels and boxes of fly's
by brady
25th Mar 2017 10:48am
Challenge extreme angle grinder used once
by brady
25th Mar 2017 10:43am
White Hyundai I30, 2011 plate For sale, 1.4 petrol
by goodoldphil
24th Mar 2017 6:24pm
I am having a clear out!
by TheComputerLab
24th Mar 2017 4:01pm
Featured Member
Registered: 20th Aug 2011
Posts: 192
Newest Members
norma67, shelleyc1990, Chippy, Onetoughcookie, Monkeyboyliam121
12251 Registered Users
Today's Birthdays
lillypad (70), Tait1969 (48)
New Wirral Info
Planet Earth Tonight
by granny
25th Mar 2017 11:50am
Reclaimed floorboards needed.
by Gold_Moon
25th Mar 2017 10:45am
Has Talktalk been hacked yet again?
by Habdab
24th Mar 2017 10:25am
What does this all mean?
by venice
22nd Mar 2017 12:20pm
black contiboard locally?
by fish5133
21st Mar 2017 9:30pm
News : New Topics
KEYS found
by rocks
Yesterday at 11:48 PM
Another Terrorist Attack ? -London Islington
by fish5133
Yesterday at 03:03 PM
Huge Gas Explosion in New Ferry Sat 25/03/17
by Dogwalker59
Yesterday at 10:36 AM
boom
by diggingdeeper
25th Mar 2017 9:39pm
Incident at Westminster
by granny
22nd Mar 2017 3:40pm
New Enthusiast Forums
Snowhite's Bird Rescue
by diggingdeeper
Yesterday at 02:44 AM
Offset number plates
by venice
23rd Mar 2017 1:24am
File too large
by Dilly
20th Mar 2017 10:41am
ford focus 1.6 t reg rattling
by Little_B
19th Mar 2017 11:02pm
Alloys refurb and colour change. The Wheel Deal.
by TheComputerLab
18th Mar 2017 9:17am
(Views 24hrs)Trending Newest Topics
KEYS found 33
hi 25
Wirral Sunrise Sunset
Sunrise Mon 6:55am
Sunset Mon 7:39pm
Local Time Mon 3:15pm
WikiWirral Can . . . .