Gm Puts Brakes On Opel Deal ; Cancellation Angers German Politicians.

Summary

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

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

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Extract

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Gm Puts Brakes On Opel Deal ; Cancellation Angers German Politicians.

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

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