s to restructure its stricken operations.Lord Mandelson assured workers again today that the Government has been given a commitment about production continuing in the UK by Canadian car parts maker Magna International, which has signed a memorandum of understanding to buy the Vauxhall and Opel brands.
But the minister said the prospective buyers will now take time to study Vauxhall's books in a process of due diligence which he said could take up to two months.
"I understand the fears and uncertainty of Vauxhall's workforce but I am afraid we have to be patient," he told Sky News.
Lord Mandelson said he will be holding more talks with Magna and pledged that the Government was prepared to underwrite any future restructuring.
The minister also took a swipe at the leadership of the Unite union, accusing officials of "misrepresenting" the Government's position and creating "needless fears" among the workers.
Unite's joint leader Tony Woodley repeated his veiled criticism of the Government's efforts today, saying he would feel more confident about the future of the two UK plants if ministers had been sitting at the negotiating table.
For further details visit as : www.independent.co.uk/news/business/news/twomonth-wait-for-anxious-vauxhall-workers-1694147.html
But the minister said the prospective buyers will now take time to study Vauxhall's books in a process of due diligence which he said could take up to two months.
"I understand the fears and uncertainty of Vauxhall's workforce but I am afraid we have to be patient," he told Sky News.
Lord Mandelson said he will be holding more talks with Magna and pledged that the Government was prepared to underwrite any future restructuring.
The minister also took a swipe at the leadership of the Unite union, accusing officials of "misrepresenting" the Government's position and creating "needless fears" among the workers.
Unite's joint leader Tony Woodley repeated his veiled criticism of the Government's efforts today, saying he would feel more confident about the future of the two UK plants if ministers had been sitting at the negotiating table.
For further details visit as : www.independent.co.uk/news/business/news/twomonth-wait-for-anxious-vauxhall-workers-1694147.html
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