Adam Opel (General Motors)

Type
Internal restructuring
Country
Germany
Region
Hessen; Darmstadt; Groß-Gerau
Location of affected unit(s)
Rüsselsheim
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29 - Manufacture of motor vehicles, trailers and semi-trailers
29 - Manufacture of motor vehicles, trailers and semi-trailers
2,500 jobs
Number of planned job losses
Job loss
Announcement Date
30 September 2001
Employment effect (start)
1 July 2002
Foreseen end date
1 December 2003

Description

In September 2001, Adam Opel AG, subsidiary of General Motors, introduced the `Olympia' restructuring programme, seeking to return the company to profitability. The programme includes measures such as the reduction of production capacity and savings in the area of supplies. In negotiations between the Opel German works council and national management, both parties agreed to reduce the company's workforce by 2,500 during the years 2002 and 2003. In October 2003, Opel is cutting the working week of about 5,500 employees to 30 hours. Opel said this was aimed at avoiding layoffs at a time when demand for new cars in Germany was weak.

Sources

  • 30 October 2003: Der Standard
  • 5 July 2003: Frankfurter Allgemein
  • 4 November 2003: Der Standard
  • www.opel.de

Citation

Eurofound (2001), Adam Opel (General Motors), Internal restructuring in Germany, factsheet number 59369, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59369.