The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
500 jobs Number of planned job losses
Announcement Date
18 July 2012
Employment effect (start)
1 August 2012
Foreseen end date
31 December 2012
Description
German daily FAZ reports that 500 managers will be made redundant at Opel, a German car manufacturer and part of General Motors. It is reported that the high-level managers are asked to leave the German car manufacturer voluntarily within the next week. They will receive a compensation offer.
The shedding of even more management positions is debated as General Motor intends to save costs and streamline bureaucracy by flattening Opel's internal hierarchies. Opel confirmed the restructuring plans but did not give precise figures.
Sources
19 July 2012: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2012), Opel, Internal restructuring in Germany, factsheet number 73981, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73981.
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