Opel confirms the abolition of 8,300 jobs in Europe

February 10, 2010 - 4:04 pm Comments Off

The boss of German carmaker Opel, Nick Reilly, said today at a press conference in Frankfurt, it will remove 8 300 jobs from 50 000 in Europe through the restructuring of the German mark. This figure confirms the already announced before. The subsidiary of U.S. manufacturer General Motors (GM) has also confirmed the closure of its Belgian plant in Antwerp and therefore the removal of its 2 377 jobs. The job cuts will be in number 3 911 in Germany, 900 in Spain and 519 in the United Kingdom. The rest of the administration and sales.

Nick Reilly said that "the plan was officially submitted" to the German government payday loan lenders .Opel asked credits or credit guarantees given that restructuring GM sales to 3.3 billion euros in hoping to get 2.7 billion euros state aid.

Also according to the owner of Opel, the group hopes a return to balance in 2011 and "a reasonable profit in 2012. By 2014, it wants to invest 11 billion euros including renewing the range.

Initially, GM had hoped to disengage from Opel before turning back.

However, things do not seem yet settled because some details are under discussion with unions including Nick Reilly said "respect the difficult role.

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