General Motors Co. (GM)’s Opel division will stop making cars at its plant in Bochum, Germany, in 2016, threatening 3,100 jobs, as the U.S. automaker seeks to stem European losses during a prolonged vehicle-market contraction. Opel will end auto production at the factory when the current version of the Zafira minivan is replaced, the unit, … Continue reading
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 … Continue reading