‘HB’: COMMISSION DECIDES IN TWO TO FOUR WEEKS OF STAATSHILFE

According to information from the “Handelsblatt” does not want the EU Commission to interfere with rescue Opel’s lengthy approval process. The decision on the planned state aid would fall within two to four weeks. Competition Commissioner Neelie Kroes said the case has become a stage as a rescue operation in connection with the financial crisis. Making it possible to close the case quickly and without bureaucracy.

Meanwhile, negotiations between Magna, Opel, General Motors (NYSE: GM – news) (GM) and the European workers’ representatives are continuing. The talks are complicated, “said Opel’s central works council head Klaus Franz:” We have to work hard. ” Is still controversial, given the rights of the employees in return for their participation in the new company. The councils claim the protection of minorities, but also rights of participation in planned relocations. For the employees to give up to 2014 per year on holiday and Christmas bonuses totaling 265 million euros. Germany made up of 176.8 million euros.

PARTIES: OPEL-MAGNA-DEAL IS NEXT WEEK Signed and sealed

The agreement in the negotiations is a precondition for signing the contract. According to Reuters, the transaction information to be sealed by the supplier Magna Opel early next week.