Opel's Franz: Possible Merger Could Lead To 18,000 Job Losses
May 13 2009 - 11:18AM
Dow Jones News
A possible merger of General Motors Corp.'s (GM) European
business and the Italian auto maker Fiat SpA (F.MI) could lead to a
loss of up to 18,000 jobs, Klaus Franz, the head of the workers'
council of German GM unit Adam Opel AG said Wednesday.
"I am critical regarding the merger," the top labor
representative said Wednesday at a press conference following talks
with Italian employee representatives.
The coming weeks will be "very important and decisive" for Adam
Opel, he said.
Company Web site: www.opel.de; www.gm.com
-By Frankfurt Bureau, Dow Jones Newswires; +49 69 29725 500;
katharina.becker@dowjones.com