Spain says Opel workers "no" vote may endanger plant

MADRID (Reuters) - Canadian parts maker Magna MGa.TO, set to buy carmaker Opel from parent GM GM.UL, may close Opel's Spanish plant if workers reject a deal to keep it open at the cost of 900 jobs, Spain's industry minister said.

"It would be a very bad option. I think the company has yet to close the sales deal with General Motors, so they would have to decouple themselves from the plant," Miguel Sebastian told state radio on Friday.

"But I sincerely believe it is a very positive deal in the long term, although it requires a short-term sacrifice."

Last month, Sebastian dismissed an initial proposal by Magna to cut 1,700 jobs at the Figueruelas plant in northern Spain, which makes the Corsa model, as part of its takeover of Opel in partnership with Russia's Sberbank SBER03.MM.

The latest deal was reached on Thursday between Magna and unions, who were due to present the plan to members on Monday.

Unions have plans to call four one-day strikes until the agreement with Magna has been ratified.

(Reporting by Martin Roberts; Editing by Dan Lalor)