“We have delivered strong product, maintained cost discipline, progressed strategic initiatives such as restructuring Europe . . . and delivered two consecutive quarters of profitability and positive cash flow.”
Vauxhall’s Ellesmere Port site employs 2,200 staff making the Astra.
It escaped unscathed in GM’s European restructuring, which will cut about 9,000 jobs at car plants across the Continent.
GM had considered selling the loss-making European division to preferred bidder Canadian car parts maker Magna and its Russian banking partner Sberbank as part of its business plan to emerge from bankruptcy protection.
Magna’s proposals involved up to 840 redundancies at Ellesmere Port and limited production volume.
However, last November the US car maker decided to retain its European division and institute its own recovery plan with most cuts falling in mainland Europe.
