GM seeks deep cuts at Opel as losses mount, report says
GM next week will report substantial losses at its Opel/Vauxhall European unit when the automaker reports fourth-quarter and 2011 financial results, The Wall Street Journal reported on Tuesday, citing an unnamed GM official.
"There is increasing frustration with Opel and a feeling that the cuts two years ago did not go nearly deep enough," the official told the Journal. "If Opel is going to get fixed, it is going to get fixed now and cuts are going to be deep."
GM is in talks with European labor officials about additional plant closures and job cuts, the paper said, citing other sources.
Read more: http://www.autonews.com/article/2012020 ... z1mVNXKsBz
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