EMCC European Monitoring Centre on Change

Opel

Company/Organisation:
Opel

Geographic Location

Country: European Union

Company

Sector: Manufacturing
Manufacture of transport equipment
29.1 - Manufacture of motor vehicles
Number Employed: 48000
Group: General Motors

Employment Effects

Announcement Date: 10-02-2010
Planned Job Reductions min: 8369
Planned Job Reductions max: 9219
Type of Restructuring: Internal restructuring

Additional Information

US car manufacturer General Motors has announced the cut of 8369 out of 48000 jobs at its European Opel plants. An additional 850 partial retirement jobs shall be axed when these workers retire.
Opel's capacity needs to be cut by 20%, the company said. This includes the closure of the Belgian plant in Antwerp where 2,606 people are employed and 3900 job cuts in Germany, out of these 1,799 at Bochum. 900 jobs shall be shed in Spain. The works council rejects the plan.

On 9 Febuary 2010, Opel applied to the German federal government for EUR 1.5 billion in credit loans and guarantees. At the same date, GM applied for a total of EUR 1,2 billion in state aid to Great Britain, Spain, Poland and Austria.