WRAPUP 4-Germany takes brunt of Opel job cuts,Saab in limbo

Wed Nov 25, 2009 6:17pm GMT
 
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* GM Europe's Reilly says plans about 9,000 job cuts

* 50-60 pct of Europe job cuts to be in Germany

* Reilly says Antwerp site future uncertain

* Opel labour leaders reject the plan

* Saab future up in the air after sale talks collapse

(Adds comments from GM's Reilly, Opel labour leaders)

By Angelika Gruber and Johan Sennero

RUESSELSHEIM/STOCKHOLM, Nov 25 (Reuters) - General Motors [GM.UL] targeted Germany on Wednesday for the bulk of 9,000 planned job cuts at European arm Opel, turning the tables on the country that lobbied hardest for an Opel sale to Canada's Magna.

At the same, the U.S. automaker cast around for fresh options for Sweden's loss-making Saab after the collapse of its sale to luxury carmaker Koenigsegg added a new dimension to its tortuous European restructuring plans.   Continued...

 

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