General Motors today launched its restructuring plan in Europe. The head of GM Europe, Nick Reilly recalls from 9000 to 9500 job cuts in its German subsidiary Opel and Vauxhall UK, a total of 50,000 employees. He met today with Minister-President of the Land of North Rhine-Westphalia, J?rgen R?ttgers
The German factory in Bochum will be maintained
The Opel plant in Bochum, the second largest site of the German subsidiary of General Motors with about 4,800 employees, will continue, "said Nick Reilly. He also said that GM Europe has reduced its production capacity "of around 20%. The details of the plan will be unveiled to the public "relatively quickly," he added.Reilly must meet today and Wednesday with three counts of German regional governments who are concerned by other sites Opel in Germany: R?sselsheim, Kaiserslautern and Eisenach, more than 21,000 employees in total.
The 9500 figure is close to 10,000 job cuts planned and discussed in early November, when General Motors announced it had finally decided to keep Opel in her lap when she seemed promised to the Canadian supplier Magna associated with Russian bank Sberbank.The statement then pointed out "the importance of Opel / Vauxhall 'for its international strategy, but also a better business environment in Europe has" improved "and" financial health "found in General Motors.
Moreover, the German Chancellor Angela Merkel announced that GM had paid the last installment of a loan of 1.5 billion euros granted by Germany for Opel to avoid bankruptcy.