Car Rentals » Entries tagged with "oleg deripaska"
Thousands of UK jobs at risk at Vauxhall
Thousands of jobs in the UK are under threat in the wake of the collapse of American car manufacturing giant General Motors (GM). The company were forced to finally file for bankruptcy protection in the US, leaving the future of all its workers uncertain. The European branch of GM, which includes Vauxhall in the UK as well as the German brand Opel, has been bought out by Canadian car parts company Magna International. But although this means that both the British and German brands will continue production, a fall in demand for car sales and car leasing deals could mean that Magna will be making significant job cuts. The concern for Vauxhall’s workers comes because Magna is a relatively new company in the UK, with ties to Russian oligarch Oleg … Read entire article »
Filed under: Cars Overview
Potential cutbacks are a worry for workers at Vauxhall
Thousands of UK workers are at risk of losing their jobs over the recent collapse of General Motors (GM), the biggest car manufacturing company in America. The company were forced to finally file for bankruptcy protection in the US, leaving the future of all its workers uncertain. GM Europe, which consists of UK brand Vauxhall and the German Opel, has been bought out by Canadian car parts company Magna International. But although this means that both the British and German brands will continue production, a fall in demand for car sales and car leasing deals could mean that Magna will be making significant job cuts. The worry for Vauxhall is that Magna is a relatively unknown company in the UK, with ties to Russian oligarch Oleg Deripaska’s vans company and … Read entire article »
Filed under: Cars Overview
