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General Motors Co.'s Opel unit says it will close its Antwerp plant in Belgium by the end of the year, costing 1,200 jobs.

The company said it had been unable to find investors to keep the plant going by a September deadline -- but stressed it remains open for new proposals during the wind-down period.

Opel decided earlier this year to withdraw from the Antwerp plant as part of a restructuring but set up a working group with government of Flanders, Belgium's Dutch-speaking northern half, and workers to identify someone else to take over.

 

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