Manfred Eibeck, Executive Vice-President of Magna Europe, meets with Unions at the Opel factory in Spain in a new bid to reach agreement on the plant's future in October 21, 2009 in Madrid. (Dominique Faget/AFP/Getty Images)
Following a meeting between Magna, the unions and central and regional government representatives, the Canadian company has agreed to keep the plant in Figueruelas, in the northern region of Spain intact until the summer of 2011.
The planned job cuts at the plant will be reduced to a maximum of 900 from an original between 1,300 and 1,650, the unions said in a statement.
But unions from the Figueruelas plant will maintain their plans for four one-day strikes until the agreement with Magna has been ratified by members.
