Opel will be transformed into joint-stock company General out finance their restructuring
Yesterday, General Motors announced that , and Opel staff representative on the company's future development programme reached a preliminary agreement. General Motors plans throughout Europe-wide annual reduction in labor cost 2.65 million euros to the reorganization of the Opel funding support, at the same time, the two sides agree to Opel company legal from "limited liability company" to "AG".
Opel in the statement released yesterday, said the two sides stressed involves development and launch of new products, such as smaller than the Corsa launched the new small car. This product is scheduled to Opel company in early February of this year's declaration as the basis for future investment in 110 million euros to develop a series of new products and alternative energy-driven technology. In accordance with the agreement, if the company fails to launch on schedule, the corresponding part of the new product will be directly transferred to the capital of the third-party contract, and will eventually return to their employees.
Previously, General Motors has been committed to 19 million euros funded help Opel to restructure, but in general it is expected that the total cost of the restructuring of Opel will reach 37 million euros. At the same time, GM is seeking to have the Opel Germany and other European countries, the business to provide loan guarantees.