On Wednesday, Nov 4, GM vice president John Smith told reporters that the auto giant will be cutting around 10,000 jobs from a workforce of 55,000 at Opel.
This comes a day after the auto giant announced that it was scrapping plans to sell the German-based unit.
Saying that it would be implementing its own restructuring measures, GM on Tuesday, Nov 3 said it will not be selling Opel to Canadian auto parts manufacturer Magna International and state-owned Russian bank Sberbank.
This news was not received well in Germany. While half of work force is employed at this unit, the government was also supporting the Magna-Sberbank deal as it would save a lot of jobs.