New panic at GM’s European Opel dependence: Opel needs to shed 30 percent of its workers. This is the supposed target of a “secret strategy” that has been agreed between Opel and GM, says BILD, Europe’s largest circulation newspaper under the headline “One out of three jobs imperiled!”

Based on an anonymous inside source, BILD writes about a three-step phased plan:
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GM’s troubled German daughter will close its main factory in Rüsselsheim and its component plant in Kaiserslautern for a total of four weeks in response to a drop in demand for cars in Europe. (Read More…)

GM’s Opel unit is faced with dwindling demand and wants to shorten workers’ hours at its Rüsselsheim plant, media from Reuters to Germany’s Manager Magazin report. Rüsselsheim makes the Opel Insignia, and for that, the rapidly deteriorating southern European markets are especially important, an Opel spokesman said. A shortened work week at Opel’s engine plant in Kaiserslautern is also being negotiated, the Frankfurter Allgemeine Zeitung says. However, this is Germany, and it is not as easy as is sounds. (Read More…)