2 Articles
Report

Trying to make the best of a nasty situation for everyone involved, Opel has reportedly worked out an agreement with its Works Council and the IG Metall union to reduce working hours at two of its plants. From the end of September until the end of the year, there will be 20 days of short shifts and short working days for two Opel facilities: the Rüsselsheim factory that builds the Insignia and Astra and the Kaiserslautern component plant. About half of the 13,800 Rüsselsheim employees

To the German government authorities who think General Motors is financially sound enough to pay for Opel's restructuring without loan-guarantee assistance, Opel CEO Nick Reilly says that's not the case. "You need to remember that GM is first of all founded by U.S. taxpayers," Reilly was quoted as saying. "Frankly, GM needs the money it has got."