UK unions set for 1200 job losses at Vauxhall
Despite the fact that we covered this story earlier, regarding a face-to-face meeting between UK unions and Magna, the company which is set to acquire GM Europe, it would appear that Magna has already made up its mind regarding job cuts in the UK. Rumours circulating this evening suggest that up to 1200 jobs could be lost at the UK Vauxhall operation which would reduce the UK carmaker's workforce by around 25%. If these rumours are correct this will be a body blow for the UK sector and a major embarrassment to the UK government.
Whether Magna is looking to prepare everybody for the worst and possibly come back and confirm a lower figure is something which has crossed the minds of many, but we are literally playing with the UK car industry and UK jobs. There has always been a feeling that the company would look to make significant job cuts across the board, even if the German workforce has received more protection than others.
The UK government had promised to give assistance to Magna and look to secure as many UK jobs as possible, so the potential 1200 job losses will not reflect well on Lord Mandelson who took over the reins of this particular saga some time ago.
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