General Motors Co.'s restructuring plan for its Opel and Vauxhall operations likely will be delayed until January, according to Associated Press.
GM Europe chief executive Nick Reilly, who previously pledged to have the plan in place this month, said in a posting on an official blog dated Thursday that "now it looks like an announcement may slip into January."
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Reilly said the European restructuring will be one of the largest, most complex industrial reorganizations in years, affecting plants and thousands of people and their families.
GM last month abruptly canceled the planned sale of a majority in Opel and Vauxhall to a consortium of Canadian auto parts maker Magna International Inc. (NYSE: MGA) and Russian lender Sberbank, instead deciding to restructure the brands itself.
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