BBC Business News reports that Italian carmaker Fiat has said it plans to cut less than 10,000 jobs if it succeeds in buying Opel and its UK brand Vauxhall from General Motors.
Fiat said the cuts would be made across Opel’s Europe-wide operations, which currently employ about 50,000.
Its comments came as the German government is due to discuss the three formal bids for Opel, which has its headquarters in Germany.
Canadian firm Magna and Belgium’s RHJ International are the rival bidders.
Both Magna and RHJ currently make car parts. Like Fiat, they submitted their bids before Wednesday’s deadline. Full story…