Carmaker Opel announces 2,100 job cuts in Germany - News Summed Up

Carmaker Opel announces 2,100 job cuts in Germany


"The voluntary leave programme will be reopened for employees ... limited to a maximum of 2,100 positions," the company said in a statement. But rather than sales challenges, Opel highlighted "ever-stricter CO2 (carbon dioxide) regulations that the entire automotive industry is facing" as the main reason for Tuesday's move. After years of losses under GM, Opel returned to the black under its new owner in 2018, selling around a million vehicles. German car production fell to its lowest level in 22 years in 2019. READ ALSO: Why has German car production hit a 22-year low?


Source: The Local January 14, 2020 12:56 UTC



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