GM Opel Labor Union IG Metall Critizises German Econ Minister
05 Mai 2009 - 7:09PM
Dow Jones News
IG Metall labor union said Tuesday that potential investors in
General Motors Corp.'s (GM) European Opel unit should approach
management and labor representatives directly, critizising
Germany's Economic Minister Karl-Theodor zu Guttenberg.
In a statement, IG Metall said there are "significant doubts
among staff, if an economics minister should in fact pursue the
sale of a company".
IG Metall added that "external sources, which are really
independent" should be consulted to find and evaluate potential
investors.
Zu Guttenberg met Fiat SpA (F.MI) Chief Executive Sergio
Marchionne on Monday to discuss the Italian automaker's interest in
acquiring Opel, which has asked for state aid to stay afloat.
Austrian-Canadian auto parts supplier Magna International Inc.
(MGA) said it might take a minority stake in Opel. Various, partly
contradicting reports on other possible investors haven't been
confirmed yet.
Company Web site: www.opel.de
-By Christoph Rauwald, Dow Jones Newswires; +49 69 29 725 512;
christoph.rauwald@dowjones.com