GM to axe 9,000 jobs in Germany

Subscribe to Oneindia News

GM to axe 9,000 jobs in Germany
Berlin, Nov 25: The US auto maker General Motors has confirmed to cut 9,000 jobs in its European subsidiary Opel in Germany.

Nick Reilly, CEO of GM Europe made the announcement saying that, "Overall we are going to reduce capacity by 20 per cent and reduce the number of people by 9,000 across Europe."

"We have to create a sustainable and viable business plan. The competition is intense and getting fiercer every day. We have to reduce structural costs," Reilly said.

"I think we have to fight hard to keep manufacturing operations viable in Europe. There will be difficult decisions to take and we will have to reduce people. It's the reality of today's market," Reilly added.

OneIndia News

Please Wait while comments are loading...