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| Edited By: |Source: Reuters |Updated: Mar 16, 2018, 06:59 AM IST
General Motors will not cut more jobs at Opel in Germany if the German government refuses to give state aid, although the US carmaker said it remains confident that Berlin will soften its current stance.
"I am very optimistic that all our countries will come forward with some sort of assistance," the new head of GM Europe, Nick Reilly, said on Saturday.
Speaking to reporters during a conference call, Reilly said a refusal by Berlin was more hypothetical than anything, but even in this case, it would not mean the 25,000 German staff at Opel would suffer for it.
"It won't make any difference to our restructuring plan, so it will not lead to more layoffs in Germany or less layoffs," he explained.
Germany's liberal economics minister, Rainer Bruederle of the pro-market Free Democrats, reaffirmed on Friday his belief that GM had enough resources to fund Opel's turnaround itself.
Reilly said a presentation made to European officials in Brussels on Friday detailing his plans for the future of Opel was well received, but he could not say when the decision for financial aid will be made.
"Our requirements are about 3.3 billion euros ($5 billion) in total. Some of that is for restructuring, only maybe around 1 billion for that," he explained, adding the rest would be used to keep investing in the business next year when Opel will remain in the red.
He did not foresee any difficulties with EU competition authorities blocking government support, even though aid from countries like the UK, Spain and Poland will be used to reduce headcount mainly in Belgium and Germany.
