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FRANKFURT - Opel's top German labor leader said on Sunday he was willing to hold negotiations over a restructuring of the European carmaker under its parent General Motors so long as it gains greater independence. Full Article at International Business Times
Related Articles
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GM has decided that it wants to keep its European subsidiary Opel, but it probably won't keep all 50,000-plus workers, and some factories may also be in danger. Full Article at Deutsche Welle
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RUESSELSHEIM, Germany—General Motors Co. said Tuesday that a senior executive who now runs its international divisions will take over responsibility for the European Opel and Vauxhall units while the company searches for a permanent chief... Full Article at Boston Globe
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(Corrects typographical error in headline, deletes bullet point) * GM must demonstrate cooperation, not confrontation -labour * Must offer same degree of freedom as Magna did -labour (Rewrites, adding comments from Klaus Franz) FRANKFURT, Nov 8... Full Article at Reuters
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ZURICH (Reuters) - General Motors Co will probably stick to a plan to cut costs at Opel by 30 percent after deciding to restructure the European subsidiary itself rather than sell it, Bob Lutz, a GM executive set to become Opel's chairman, was quoted... Full Article at Reuters
Related Quotes
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We expect the company in future to commit itself equally to its American and European sites ... A fair balance is a decisive condition for the talks that are coming now to have any prospect of success.
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This solution can only succeed if General Motors carries the main part of the restructuring with its own funds
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I regret General Motors' decision extraordinarily ... But employees need more than our regret - they need a concrete solution.
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We expect General Motors quickly to present a reliable concept that gives Opel Europe and the German sites the chance of a good future
