AFP is reporting that GM is planning to cut around 10,000 jobs at its European division Opel after the carmaker shocked the manufacturing community by cancelling its sale to Magna
By Ian Armitage
The Opel saga has taken another twist.
A few hours after revealing it is no longer selling its European business to Magna, it now seems as if GM is to cut around 20 percent of its workforce.
AFP says the U.S. auto giant plans to "cut around 10,000 jobs" at its European division Opel, according to GM Vice President John Smith.
As reported on Manufacturing Digital, GM earlier announced that it would retain control of Opel/Vauxhall, a move that has shocked many in the automotive industry.
That decision clearly shows that Opel and Vauxhall have an important role in GM’s global strategy, a role that the firm is eager to maintain.
More to follow
SOURCE: www.afp.com
Edited by Ellie Duncan
What is your reaction to this latest twist? Do you work at Opel? How do you feel?
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