GM’s Opel turnaround plan likely to be completed in January
By Andrew C., 27 Aug, 2010. 0 Comments
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General Motors Co. will not rush the creation of its turnaround plan for Opel and has said that it's likely to be completed in January instead of December as had been previously announced, according to a blog posting by GM Europe President Nick Reilly. The blog goes on to say that more work has to be done and "further consultations will not be rushed."
Reilly said that this is considered to be one of the largest and most complex industrial reorganizations in European manufacturing in the past year and as such, will require more time for its business model to be finalized. It certainly can't be denied that the plan will affect thousands of people and their families, as well as other stakeholders, so it's understandable for GM to take the time to study it carefully. Opel has plans to cut 8,300 jobs from its workforce of 50,000 in a 3.3 billion euro ($4.85 billion) overhaul that happens to seek state aid from countries with Opel plants including Germany, Britain, Spain and Poland. [via autonews]
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