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Updated Thursday, March 11, 2010 11:23 am TWN, Reuters

Opel union leaders reject Antwerp plant rescue plan

FRANKFURT/BRUSSELS -- Belgian union leaders rejected a plan from General Motors' European arm Opel to rescue a plant in Antwerp, Belgium, arguing the proposal would result in too many job cuts. Opel said on Tuesday it had put forward a new plan under which an investor would be sought to take over the Antwerp plant, with Opel possibly maintaining a minority stake.
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