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May 24, 2017

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German carmaker Opel denies report of plans to cut 1,000 positions at HQ

FRANKFURT--Troubled German carmaker Opel denied a press report Wednesday that it planned to shed 1,000 administrative jobs at its German headquarters.

"We reject the report," Opel spokesman Ulrich Weber said following a pre-released copy of a report in Thursday's Frankfurter Allgemeinen Zeitung based on two unnamed members of the supervisory board.

Under pressure from U.S. parent General Motors to drive back to profit, Opel announced last month that about half of the 22,100 people who work at its four production plants in Germany would be hit from September by short-time work schemes until the end of the year.

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