No compulsory redundancies, plant closures as part of Opel restructuring
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The drastic cost-saving and restructuring programme being implemented at loss-making German car maker Opel will not entail any compulsory redundancies or plant closures, executives of US parent company General Motors and unions agreed.
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Germany will be the hardest hit, the paper said, with 6,000 workers facing redundancy at it's Adam Opel business.
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As restructuring talks continue, Opel&#39;s works council and US parent company General Motors are considering a possible merger of GM&#39;s European subsidiaries.
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Managers and workers representatives at German car maker Opel are set to meet Monday after a weekend vigil by employees protesting against the plans of parent company General Motors to cut thousands of jobs.
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U.S. car parts maker TRW  plans hardly any job cuts should Germany's Siemens  sell automotive electronics unit VDO to the U.S. company, a German weekly reported on Sunday.
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10/21/04- The assembly line began is rolling again at a General Motors plant in western Germany. More than two-thirds of the workers there have decided to end a 6-day walkout protesting the threat of job cuts.
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Massachusetts lawmakers expressed disappointment that telecommunications equipment company Alcatel - Lucent plans to close its North Andover plant in 2008. The politicians said they would use federal resources to help retrain Lucent workers and assist them in finding new jobs. "It's always disappointing when high-paying, quality manufacturing jobs disappear from an area with great employment needs, such as ...
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Germany is to bear the brunt of General Motors&#39; decision to axe about a fifth of its 62,000 European workers, although the US carmaker yesterday said it would stop short of factory closures.
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Employees at an Opel plant in western Germany abandoned work again early Friday after parent company General Motors announced a plan to shed 12,000 jobs across Europe, a union spokesman said.
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Volkswagen AG, Europe's biggest automaker, said Tuesday that 3,500 workers in Germany have signed up for severance packages as the company tries to pare down the number of employees and cut costs.
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The management and labor representatives of the car producer Opel began talks Monday on thecontroversial massive layoffs faced by its workers.
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FRANKFURT : Labour conflict looks set to boil over in the German automobile sector in the coming weeks as car makers such as Volkswagen and Opel seek to impose rigorous belt-tightening measures as an answer to chronically weak demand.
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General Motors (GM) plans to announce a massive restructuring Thursday that will eliminate as many as 12,000 jobs in Europe in a move to stem the five-year flow of red ink from its auto operations in the region.
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BOCHUM, Germany  - Workers at the Bochum factory of German car maker Opel voted to return to work after paraylsing assembly lines for six days in protest at plans by Opel&#39;s US parent, General Motors, to slash 12,000 jobs in Europe.
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Production was halted at the Bochum factory of troubled German car maker Opel as workers laid down tools for the second day in a row in protest against plans by the group's US parent, General Motors, to axe thousands of jobs and possibly even close a plant after 2006.
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Aluminum producer Alcoa Inc.  on Tuesday announced a restructuring of its product operations that will include plant closings and could ultimately result in a 10 percent reduction of its worldwide work force.
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Europe&#39;s biggest carmaker said 30,000 jobs could be cut in Germany if unions do not agree to cost-cutting plans. Volkswagen is pushing for a wage freeze and more flexibility in working hours to counteract falling sales.