Fiat Denies Opel Offer Would Mean 18,000 Job Cuts In Germany
22 Mai 2009 - 3:19PM
Dow Jones News
Fiat SpA's (F.MI) offer for General Motors' (GM) Adam Opel AG
unit does not call for 18,000 job cuts in Germany, Fiat said
Friday.
"For quite some time, incorrect information has circulated that,
should Fiat's offer for Opel be accepted, it would result in 18,000
job cuts," Fiat said in a statement. "This information is totally
false."
Fiat's plan calls for a decrease in staff, "distributed across
Europe and spread out over time, of a total number less than
10,000," it said.
"The impact in Germany would therefore be relatively lower than
this number," it said.
-By Jennifer Clark, Dow Jones Newswires; 39 02 58 21 9904;
jennifer.clark@dowjones.com