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Automaker GM to cut 10,000 jobs at Opel

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Thursday, November 5, 2009

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The US car manufacturer General Motors said that it would axe 10,000 jobs at its European division, Opel. According to the company's vice president John Smith, the firm wanted to reduce costs at Opel by 30%.

Smith announced the company's move on Wednesday. He didn't say where the cuts were going to take place, but wanted to present details of the plan to European governments "very soon".

A day before the announcement, GM said it was cancelling a deal to sell Opel to Magna, a Canadian automobile parts company.

Politicians in Germany expressed disappointment at GM's cancellation of the Magna deal, which the country's government had favoured. "[GM's] behaviour towards Germany is completely unacceptable," said German economy minister Rainer Bruederle.

The premier of the German state of North Rhine-Westphalia remarked that "General Motors' behaviour shows the ugly face of turbo-capitalism. That is completely unacceptable."

The UK government, however, welcomed the firm's decision. "It is the best decision for Britain and our plants," said the general secretary of the British union Unite, Tony Woodley. "I am absolutely delighted that General Motors have finally done the right thing for them and for us," he told the BBC.

About 54,000 people are employed by Opel, about 25,000 of them in Germany.


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  This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.

The text of this article is licensed under the terms of the Creative Commons Attribution 2.5 License
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