- Germany edition
- Change edition:
- France |
- Norway |
- Spain |
- Sweden |
- Switzerland
Opel cuts thousands of jobs across Germany
Published: 1 Nov 12 15:37 CET | Print version
Online: http://www.thelocal.de/money/20121101-45921.html
Thousands of German workers at Opel cars will lose their jobs in another round of cuts announced this week by the car maker's owner General Motors. As many as 2,300 people have already been let go.
- Opel puts cuts shifts to part-time - Business & Money (23 Aug 12)
- General Motors vows no plant closures at Opel - Business & Money (3 Aug 12)
- Restructuring expert takes the wheel at Opel - Business & Money (17 Jul 12)
The company lost half a billion dollars in Europe alone in the third quarter, when it produced just 196,000 cars - down from 270,000 in the same quarter last year.
GM is expecting Opel to make losses until at least the middle of the decade, its target for "break-even" results.
But the company also re-affirmed its plan to close its plant in Bochum, western Germany in 2016, once the Zafira van ends production.
The company is also drastically reducing its inventory to cut costs. This effort includes a 100,000-unit reduction in the number of cars in its inventory since February, with an additional 20,000 reduction planned by the end of the year.
Despite the depressing figures, GM vice chairman Steve Girsky remained upbeat. "We have an aggressive, multi-billion dollar product plan that will deliver 23 new models and 13 new engines though 2016," he said in the statement.
"Many of Opel/Vauxhall’s near-term launches are in entirely new segments, including the Mokka and ADAM this year, and the Cascada next year."
The Local/DAPD/bk
What do you think? Leave your comment below.
Economists warn against German euro exit
While a third of Germans would rather pay with the old Deutsche mark than the euro, economists warn that a German exit from the currency union would result in a disaster. READ () »
Germany cool to France's EU economy plan
Germany said Friday that French President Francois Hollande's proposal for a eurozone economic government was "interesting" but reacted coolly to his call for strengthened European budgetary powers. READ () »
Au pairs rules relax for non-German families
Foreign families will soon be able to officially engage au pairs from outside the European Union, as long as they speak German at home, as the government prepares to change the law. READ () »
Germany refuses to slam French economic policy
Germany will not publicly criticize France over economic policy, German Finance Minister Wolfgang Schäuble insisted on Thursday, amid differences between Berlin and Paris over growth versus austerity in battling the eurozone debt crisis. READ () »
Capri-Sun drink wins false advertising award
A German food industry watchdog singled out drinks-maker Capri-Sun for its annual advertising "award" on Thursday, for what the group described as "shameless" marketing of sugary drinks to children. READ () »
Anaemic economy feels winter chill
The German economy, Europe's biggest, clocked up anaemic growth at the start of 2013 as the freezing winter weather put the brakes on activity, official data showed on Wednesday. READ () »
ThyssenKrupp bins 3,000 admin jobs
German heavy industry giant ThyssenKrupp said on Wednesday it plans to axe 3,000 administrative jobs worldwide as disastrous investments in steel operations overseas tore holes in its balance sheet in the second quarter. READ () »
Pay deal for metal workers averts strike
Germany's powerful union IG Metall agreed a pay deal with the metal industry's employers association early Wednesday, averting the threat of a major strike. READ () »
First ever strike hits Amazon's German unit
German employees of Amazon staged their first-ever walkouts on Tuesday as the US internet retail giant was hit by a dispute over pay. READ () »
Volkswagen plans giant car plant in China
German auto giant Volkswagen will build a plant in central China, a spokesman said Tuesday, as it battles US rival General Motors to be the top foreign automaker in the world's biggest car market. READ () »
- 13/05 Germany launches new job creation drive »
- 10/05 German giants dazzle Dax »
- 10/05 Netto pioneers mobile phone payments »
- 08/05 Court: gay and straight tax breaks must match »
- 08/05 BMW recalls 22,000 cars over airbag fault »
- 07/05 France tells Germany: we need growth too »
- 07/05 Germany 'lags behind on organic farming' »
- 06/05 Painter Baselitz raided in tax avoidance move »
- 06/05 Lufthansa hits turbulence over top job choice »
- 03/05 Most would increase tax on the wealthy »
See all ads | Join the Marketplace
-
British Corner Shop
British Corner Shop - The online supermarket for expats -
Weiss Institut
Free yourself from Smoking addictions, Sugar craving and Alcohol addictions -
Shiply Worldwide Ltd
Shiply the Online Transport Market Place -
PsyShrink Frankfurt
The Expat Psychologists in Munich, Frankfurt and worldwide -
PsyShrink Munich
The Expat Psychologists in Munich, Frankfurt and worldwide -
Chambervelt Rooselain & Cie Ltd.
Insurance and financial planning for English speakers in Germany
792 jobs available
611 new jobs this week
28 new jobs today
- Analyst Predictive Maintenance (m/f)
- Trade Marketing Manager (f/m)
- Opportunity for Medical Information Scientists and Information Managers as Epidemiological Data M...
- Trainee to work in business development for Daimler Insurance Services
- Sales Professional (m/f)
- Finance Administrator (Account Payable & Travel Expenses)
- Customer Interaction Specialist for French, English (f/m)
- Marketingassistenz (w/m)
- Scientific Editor (m/f)
- Aftermarket - Process and Application Engineer
- 17/05 Solna voted best place to live in Sweden »
- 17/05 LinkedIn profile lands Swede with hefty tax bill »
- 16/05 India in no rush to open first Ikea store »
- 16/05 H&M CEO to Bangladesh: raise minimum wages »
- 15/05 Pensioners to recruit ageing Swedish rockers »
- 15/05 Sweden plummets in income equality ranking »
- 15/05 Swedish shop hits back: our Converse are real »
- 15/05 Young Swedes forced to live with mum and dad »
- 14/05 Converse in bid to ban 'fake' shoes in Sweden »
- 13/05 Nordea tracked clients in secret 'black book' »
- “Preserve the proven, shape the new” – the International Bach Academy in Stuttgart
For more than thirty years, Helmuth Rilling shaped the international Bach Academy; now he is succeeded by Hans-Christoph Rademann. - ‘Open Mike’ – Fireworks with the Buddha
The Berlin ‘Open Mike’ entered this year its twentieth edition. - On the Stage, the Spoken Word Prevails
In January 2013 the annual meeting of the Dramaturgical Society took place in Munich; its theme: “Speaking on Stage – and about Theatre”... - The Magician of Images – Klaus Ensikat
With the technique of an Old Master and subtle humour, the award-winning graphic designer and illustrator Klaus Ensikat has for fifty years produced ingenious illustrations for literary classics and children’s books.... - A Picture Every Day – Philip Waechter
Philip Waechter, son of the famous illustrator and cartoonist Friedrich Karl Waechter, is one of the best-known contemporary writers and illustrators of children’s books....
- Theatre festival between the Saar and the Mosel
The Festival Perspectives in the German-French region around Saarbrücken is staging European theatre, dance and music productions. - The European Year of Citizens
2013 is the European Year of Citizens. - Europe Day, Robert Schuman and Class 4a
Enthusiasm for the idea of Europe – in the 60th European Competition, schoolchildren from Germany show what this could look like. - Relief organizations
The portals presented here provide information on the help programs offered by different organizations.
- Analyst Predictive Maintenance
- Contract Manager
- Dipl. Ingenieur (FH) /Techniker
- Account Manager - Academic Sales - Germany
- Application Development Engineer Nutrinova
- Berater Regulatory Affairs
- Business Process Analyst
- Channel Sales Representative
- Clinical Physician - Leading pharma in Germany
- Clinical Sales Specialist, Haematology
- 17/05 paid internship
- 17/05 Florida resident seeks job in baden Baden Germany
- 17/05 Berlin Writing Group
- 17/05 cheap car hire
- 15/05 Queen size bed & frame
- 15/05 Feste Stelle
- 14:40 Doctor Who (TV series)
- 14:32 Apple iPad mini
- 14:22 Formula One 2013 season (F1 motor racing)
- 12:33 M-Net not switched on due to Telekom delay
- 12:25 Neighbour wants me to take care of her kid
- 11:41 Cycling tours around Munich
- 11:28 Kitesurfing near Munich
- 11:22 Therme Erding
- 11:12 Bicycle packing service for departure in Tegel
- 10:38 IT professional moving to Düsseldorf: need advice
Start trading shares, equities, forex, etc. No commission on equities; Low min. margins. Apply for a CFDs account now!
'Charming, old, beamed cottage for holiday let in Jesus Pobre, Alicante, Spain
www.littlehouseinspain.com/
Professional and qualified consultancy on all insurance and finance matters in Germany, Telephone: +49 2163 571 1740, Email: bg@albatross-assurance.com
www.albatross-assurance.com
Visiting Berlin anytime soon? Book your hotel in Berlin here.
For home-from-home holiday accommodation, search for a Berlin apartment to rent.
Your comments about this article:
Time for German Taxpayer to send Greeks money to buy Opels. Another Brilliant and sustainable notion! Thanks Smart! :D