Mitsubishi to help find Nedcar buyer
Wednesday 22 February 2012
Japanese car firm Mitsubishi is to spend the next three months working closely with the economic affairs ministry to try to find a buyer for the Nedcar car plant in Limburg, the ministry said on Wednesday.
Economic affairs minister Maxime Verhagen is in Tokyo for talks with chief executive Osamu Masuko following the car firm's announcement that it is to pull out of the Born factory, putting 1,500 jobs at risk.
If no buyer is found, Mitsubishi will meet all agreements made in the official redundancy plan, Masuko is reported as saying.
Verhagen described the meeting as 'business-like'. 'Mitsubishi's position means we have all options open for a re-start. And if that does not happen, Mitsubishi will take responsibility for the staff,' the minister said in a statement.
Verhagen told Radio 1 later there are no guarantees the company will be saved. 'The European market is locked up. I do not want to give false hope,' he said.
Mitsubishi said at the beginning of the month it plans to stop assembling cars at the Nedcar plant next year.
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