In an attempt to cover up the losses due to the trends in the major auto markets, General Motors Europe is planning to cut down around 5,000 jobs, according to Reuters.
According to the report, the company presently employs around 55,600 staff. The 5,000 job cut, which reportedly amounts to about a tenth of the company's European workforce, will affect 260 jobs at the Strasbourg plant in eastern France, 1,300 at Antwerp in Belgium, 900 at Bochum in Germany, 930 at Saragossa in Spain and between 300 and 500 jobs at Russelsheim.
Marc Ruhland, a CFDT union member of the European works council at General Motors, said: "What is on the table is a plan for 5,000 voluntary redundancies in west Europe."
Earlier, GM had reduced jobs in the European sector and also closed a PSA Peugeot Citroen plant in Britain. Labor unions are negotiating with the company and are likely to meet at Frankfurt to discuss their moves.
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