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Fiat will cut 10,000 Opel jobs

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…

May 22, 2009In51der
  • UK questions viability of Opel Magna bid
  • German government pledges loan to successful Opel bidder
  • Three final bids for Opel
  • Standoff between GM and German government over Opel
  • Three bids submitted for Opel
  • German government will not step in to save Opel jobs
  • Workers at Honda Swindon plant vote for 3 percent pay cutEnvironmental activists attack 4WD's
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