Install

Get the latest updates as we post them — right on your browser

Today's paper. Last Updated: 02/14/2012

Berlin Urges Calm Over Opel Dispute

Reuters

German flags flying atop the Reichstag, the seat of parliament in Berlin, and in front of a building with Opel’s logo.
Tobias Schwarz / Reuters

German flags flying atop the Reichstag, the seat of parliament in Berlin, and in front of a building with Opel’s logo.

BERLIN — The German government sought to calm a growing trans-Atlantic dispute over the fate of carmaker Opel on Monday as unions threatened “spectacular measures” to force a decision by U.S. parent General Motors.

Negotiations over Opel, which GM is selling as part of a government-orchestrated restructuring, have dragged on for months, fueling anger among its 50,000 European workers, half of which are in Germany.

GM was expected to reach a decision Friday on whether to sell Opel to a consortium of Magna and Sberbank, Berlin’s favored bidder, or to rival RHJ International, but failed to make its choice clear. The German government said Monday that it would invite a member of the GM board to Germany to discuss Opel this week but played down prospects of a quick agreement.

A U.S. government official said President Barack Obama’s administration was available to talk to the German government on the matter but made clear the decision on a buyer would be left up to GM.

Opel labor leader Klaus Franz then raised the stakes by threatening “spectacular measures” if GM did not make up its mind soon. “We have been calm so far, listened diligently and made comments, but that is over now,” Franz said on German radio Monday.

Merkel’s spokesman Ulrich Wilhelm, speaking to reporters at a government news conference, tried to calm the row, saying it was important not to resort to confrontation. “I can understand that the Opel workers want to have clarity quickly about the way ahead,” Wilhelm said. “On the other hand, the decision is complex.

“I think staying calm to preserve a good negotiating climate is in the interests of all sides,” he added.

Wilhelm said he had no indications that GM was rethinking its decision to sell Opel after recurring reports over the past weeks that some board members would prefer to keep the carmaker.


Also in Business

New Property Tax a Work in Progress

If the government's plans come to fruition, this year will be spent completing property evaluations across the country according to market-based standards, paving the way for the implementation of a new property tax, which could partially enter into force as early as 2013.

Start of Stadium Demolition Draws Outcry

Architectural preservation group Arkhnadzor said Monday that demolition at the constructivist-era Dynamo football stadium as a part of ongoing building work was against the law.  

KamAZ Sees Pressure With WTO Entry

Truck maker KamAZ could see a reduction of its market share due to price competition from other manufacturers after Russia joins the World Trade Organization.

Navalny Nominated For Aeroflot Board

Anti-corruption blogger and opposition leader Alexei Navalny could become a member of the board of Aeroflot after he was nominated to the position by billionaire Alexander Lebedev.

Medicine Makers Warned to Prepare for WTO

New regulations are needed on the pharmaceuticals market before Russia enters the World Trade Organization.

Finam in Conflict Over Perlov House

The Finam investment company is facing allegations from former Perlovy & Co. general director Zhanna Kirtbaya that it is illegitimately taking over a downtown landmark.




Discussion
The Moscow Times welcomes your comments and invites you to discuss topics with other readers. Your comment will be posted automatically to enable a live discussion. If you aren't familiar with our comments policy, you can read it here.

If you're a registered user, you can start typing your comment below. If not, take a moment to sign up. and then return to the article.

If your comment doesn't appear, contact us by using our web form.

Comments

Comments via Facebook

print


Comments

This article has no comments.

Be the first to leave a comment





Most Read