Restructuring events
European Restructuring Monitor (ERM)
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.
General Motors, the American automobile company intends to reduce its functioning costs and the period of time the production of cars. The management assesses an overproduction of more than 280.000 vehicles for 2010.
Thousand jobs are therefore threatened in Europe in the subsidiary Opel.
4500 jobs across Europe are planned to be cut up until 2010. The management intends cutting staffs on the sites that will be the least productive to produce the new car models, Opel Astra and Zafira and the next Saab.
Two sites seem to be already targeted: the Saab site in Trollhättan in the south of Sweden and the Opel site in Rüsselsheim in Germany. Other production site could be also concerned: Bochum (Germany), Ellesmere Port (UK) and Gwilice (Poland).
Finally, the restructuring will take place in Belgium where 1,400 jobs will be lost before the end of the year.The choice of Antwerp, according to Carl-Peter Forster, GM’CEO, was that Belgium is a small country with high loan costs and GM could not cut staff in Germany or England, the two biggest buyers of Opel.
Eurofound (2007), Opel, Internal restructuring in European Union, factsheet number 65227, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65227.
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