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Up to 10‚000 GM Workers in Europe May Be Out of Jobs

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2009-11-18

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In Europe.
Up to 10-thousand General Motors workers could lose their job as the US carmaker is planning massive lay-offs as part of the restructuring of its European operations.
During a press conference in London this week the interim head of GM's European business operations announced that the company must cut its production in Europe by some 20 to 25 percent as part of its 3.3 billion euro reorganization plan.
The 3.3 billion euros equal to about 5 billion US dollars will fund a short-term shake-up of the company.
However the specifics of the job cuts remain unclear and GM says it may involve a plant shutdown.
Reporter : ssung86@arirang.co.kr

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