Opel to Reduce Working Hours at Two Sites
23 Agosto 2012 - 7:53AM
Dow Jones News
By Tapan Sharma
FRANKFURT--General Motors Co.'s (GM) loss-making European unit
Adam Opel GmbH said Thursday it will introduce reduced working
hours over 20 days through the end of the year at the Ruesselsheim
and Kaiserslautern sites due to a slowdown in the European car
market.
The company said it will switch to short-time work because of a
"dramatic" drop in the European car market. Both production and
administration at Opel will be affected by this step.
Opel employs around 16,000 people at the two facilities.
Short-time work is a German program designed to avoid job cuts,
under which the state compensates employees for unworked hours.
Opel said short-time work will be carried out for 20 days in the
September-December period.
Write to Tapan Sharma at tapan.sharma@dowjones.com
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