Comments on: New Opel: Not Yet

By: Tricky Dicky

Tricky Dicky — Fri, 16 Oct 2009 13:30:19 +0000

Original plan to layoff 1,400 British workers has been reduced by 600. So that leaves just 800 voluntary redundancies to be had. The alt. spelling of the bank name comes from the differences between Cyrillic (Russian) character set, and the Latin (English) character set. Neither are wrong. Unlike the Opel deal. Or thinking that it was the kind of bank that had something to do with fertility treatment :-o

By: Bertel Schmitt

Bertel Schmitt — Thu, 15 Oct 2009 16:33:25 +0000

It’s spelled “Opel Saragossa” in German :)

By: polarissilver

polarissilver — Thu, 15 Oct 2009 15:38:40 +0000

I believe it is Sberbank, not Sperbank

By: Daanii2

Daanii2 — Thu, 15 Oct 2009 15:27:00 +0000

This does not bode well. When political problems are solved over business problems, companies become dependent on the state or fail. Or more often, companies become dependent on the state and then fail. Opel will not be good for Magna. Mark my words.

By: 50merc

50merc — Thu, 15 Oct 2009 15:25:50 +0000

In Germany’s lavish welfare state would it be so awful for an Opel worker who gets laid off?

And aren’t the long term prospects for Opel pretty dim? In view of the fact the union(s) will (or do) have effective veto power over important decisions, why not let them have all the stock? Then they can try their hand at competing in the global economy.

By: Cammy Corrigan

Cammy Corrigan — Thu, 15 Oct 2009 15:12:09 +0000

I read about the deal in the UK and it was pretty remarkable.

From closing Luton and laying off 1,200 workers, the unions got them down to laying 600 workers (all voluntary redundancies) and keeping Ellesmere Port and Luton open. Good news.

Also, it’s spelt “Zaragoza”.

By: sutski

sutski — Thu, 15 Oct 2009 15:11:24 +0000

Just go bust already! God I am getting tired of hearing about this miserable turd of deal. If the unions are involved as owneres, the bastard son of Opel will also fail for sure.

Have they not seen what they are up against ???

Why do they think they are EVER going to be able to compete whilst there are such huge wage imbalances between the East and West ??

Until the Unions agree $500 a month wages (or relocate manufacturing to where there is), Opel will fail.

Sad but I fear true. Now get over it and start making something better!