The Unite Union says it has reached a deal with the new owners of GM Europe that will secure the future of Vauxhall and its 5,500 workers
By Ian Armitage
The BBC is reporting that unions have agreed a deal with Vauxhall’s buyer to secure the future of its UK jobs.
No official announcement has yet been made by Magna, but Tony Woodley, Unite Union joint General Secretary, told the BBC a deal had been struck which “gives both job and plant security.”
FEARS
Fears for the future of Vauxhall’s 5,500 jobs grew as car parts maker Magna confirmed job losses could mount to 10,500 across the German and UK plants as part of a restructuring process.
Unite says it has agreed to a two-year pay freeze and other cost-saving measures in return for no compulsory redundancies at Vauxhall’s two plants at Ellesmere Port and Luton.
Tony Woodley added: "The important thing of this deal isn't even the medium term. It means that the plants should have and could have a long-term future."
Edited by Ellie Duncan
SOURCE: http://news.bbc.co.uk/1/hi/business/8305230.stm