Monday, January 28, 2013

General Motors' Girsky says major cost cuts still needed at Opel


BERLIN: General Motors is pushing for " further considerable" cost cuts at its loss-making European division Opel which will resume talks with workers on German operations on Tuesday, GM Vice ChairmanStephen Girsky wrote in a letter to employees.

"The situation in the entire European (car) market is still catastrophic," Girsky wrote in the letter.

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