MADRID – Spanish unions will vote Monday on a preliminary agreement with Magna International Inc. over its proposed takeover of Adam Opel GmbH, including a plan to reduce job cuts at Opel’s Zaragoza plant to a maximum of 900 workers. The deal that would see General Motors Co. sell a 55% stake in Opel to Magna now is expected to close next month, despite antitrust issues that have been raised by the European Commission. The Spanish unions earlier this week threatened a 4-day strike after ...
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