General Motors’ (GM.N) ailing Opel business in Europe plans to thin its administrative ranks by 30 percent, or 1,000 jobs, in its Ruesselsheim headquarters in Germany, newspaper Frankfurter Allgemeine Zeitung reported on Wednesday citing two unnamed board members.
The cuts would be made voluntarily, without resorting to compulsory layoffs, the paper added.
Opel said in a statement that part of its 10-year plan “Drive Opel 2022” included reducing personnel costs, an issue for which it is currently in talks with labor leaders.
“We have repeatedly stated that our organizational structure needs to be leaner and more nimble,” the company said. “Beyond that we have nothing further to announce.”…
via GM’s Opel to cut 1,000 German admin jobs: paper | Reuters.
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