Company/Organisation:
Adam Opel (General Motors)
Geographic Location
Country:
Germany
Region:
Rheinhessen-Pfalz; Rheinland-Pfalz
Location of affected unit(s):
Rüsselsheim
Company
Sector:
Manufacturing
Manufacture of transport equipment
29 - Manufacture of motor vehicles, trailers and semi-trailers
Number Employed:
36600
Group:
General Motors
Employment Effects
Announcement Date:
30-09-2001
Planned Job Reductions min:
2500
Planned Job Reductions max:
2500
Type of Restructuring:
Internal restructuring
Employment Effect Start:
01-07-2002
Foreseen End Date:
01-12-2003
Additional Information
In September 2001, Adam Opel AG, subsidiary of General Motors, introduced the `Olympia´ restructuring programme, seeking to return the company to profitability. The programme includes measures such as the reduction of production capacity and savings in the area of supplies. In negotiations between the Opel German works council and national management, both parties agreed to reduce the company's workforce by 2,500 during the years 2002 and 2003. In October 2003, Opel is cutting the working week of about 5,500 employees to 30 hours. Opel said this was aimed at avoiding layoffs at a time when demand for new cars in Germany was weak.
Sources:
30-10-2003Der Standard
05-07-2003Frankfurter Allgemein
04-11-2003Der Standard
Sources Links:
www.opel.de