United States car manufacturer General Motors (GM) has announced that all four of its Opel plants in Germany will remain open. The firm had previously agreed to sell its German Opel and British Vauxhall plants to Magna, but later pulled out of the deal because of its improved financial position.
GM's interim head in Europe, Nick Reilly announced on Wednesday that 9,000 jobs will be cut in Europe. He said around 50 to 60 percent of the layoffs will occur at German plants.
Mr Reilly also announced that GM will set up a working group to study the future of the company's Belgian plant in Antwerp, which is uncertain. Around 2,300 people are employed at the Antwerp factory.
GM was also looking for a buyer for its Saab plants. A planned sale of the Swedish brand fell through on Tuesday when the Swedish sportscar manufacturer Koenigsegg and GM both announced that the deal would not go through. It is uncertain whether GM will keep Saab, sell it to another company or shut it down. The Swedish carmaker employs nearly 4,000 people.
Opel GT1900
Photo by Wikimedia Commons
Photo by Wikimedia Commons
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Nobody should blame GM for this change of policy, the company did what was best to save what's left from the business and apparently it worked. I'm actually hoping to find an Opel at auto sales NH, the GM policy moves won't affect me as a customer.
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