General Motors to Cut 10 000 Jobs at European Opel Unit

World | November 5, 2009, Thursday // 11:34| Views: | Comments: 0
General Motors to Cut 10 000 Jobs at European Opel Unit: General Motors to Cut 10 000 Jobs at European Opel Unit GM had agreed to sell Opel and Vauxhall to Canadian car parts firm Magna. Photo by BGNES

General Motors (GM) has confirmed that it plans to cut 10 000 jobs across its European car unit Opel, which includes the Vauxhall brand in the UK.

The announcement comes a day after GM said it was cancelling its deal to sell Opel to Canadian car parts firm Magna.

Unions in Germany said workers would begin walk-outs from Thursday in protest at GM's decision, the BBC reported.

The German government, which had backed the sale of Opel, demanded GM repayment of a EUR 1,5 B loan.

The 10 000 job cuts which GM now plans is broadly similar to the amount Magna proposed, though the company has yet to reveal where the axe will fall.

German trade unions now fear two of the four Opel factories in the country could close under the GM plan, whereas under the Magna agreement they had been given a guarantee that all four factories would have been kept going.

We need your support so can keep delivering news and information about Bulgaria! Thank you!

World » Be a reporter: Write and send your article
Tags: General Motors, Opel, Magna, Vauxhall, job cuts, jobs, Germany, unions
Advertisement All Are Welcome! Join Now!
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria