Written By Trading Forex News on Saturday, December 5, 2009 | 6:31 AM
Fritz Henderson's resignation as CEO of General Motors will not affect the firm's plans for its European arm, according to interim Opel/Vauxhall boss Nick Reilly.
Reilly took over the Opel job last month from Carl-Peter Forster. He has been tasked with presenting a restructuring plan for the company following GM's decision not to sell it to Magna.
Writing on his blog following Henderson's departure, Reilly said: "I still intend to present a plan for Opel/Vauxhall's future by the middle of December. We have the support of the board of directors to move fast with a plan for the successful future of Opel/Vauxhall."
Reilly said he was still discussing the plans with Opel's stakeholders and they would not be revealed until the talks were complete.
"Only with their support can we make the plan work," he said. "Any reductions in staffing or capacity will be based on economic criteria and are subject to discussion with the various stakeholders."
Reilly also made it clear that Opel would enjoy more freedom from GM under the new plans than it currently has.