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Germany fumes over GM ditching Opel sale to Magna

11/4/2009 10:35:02 AM

From news services 

BERLIN -- Germany's politicians fumed with anger and Opel workers cancelled cost concessions and readied walkouts after General Motors Co. abandoned the sale of its European subsidiary to parts maker Magna International and Russian bank Sberbank.

Klaus Franz, Adam Opel GmbH's top employee representative, called it a "black day" and said workers would start brief work stoppages Thursday.

GM's decision Tuesday to abandon the deal was a sharp blow to government and labor officals who supported it as the restructuring option that would save the most jobs.

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