BUSINESS INFORMATION - German Economics Minister Karl-Theodor zu Guttenberg warned that the industry auto parts maker Magna Canadian and Russian financial partner can make reductions workers at industrial takeover automaker, Opel with a report in 4100 which threatened the position.
The buyer of shares in the units of General Motors Europe plan "to reduce employment in 3000 and 1100 the production sector in the administration" at the Opel factory in Germany, German weekly Der Spiegel reported, without mentioning its source, as quoted by AFP.
Four manufacturer Opel in Germany has 25,000 workers.
German economics minister Karl-Theodor zu Guttenberg says that it has learned that Magna will reduce production labor can even exceed previous estimates.
Magna previously indicated that it wants to cut about 10,000 from 50,000 employees in the units of General Motors Europe, Opel and Vauxhall. Half of the workforce is in Germany who worked on four Opel factory.
Under the agreement announced last Thursday, GM will sell 55 percent stake in Opel to a consortium owned by Magna and government-owned lenders Russia, Sherbank.
GM will retain 35 percent and the remaining workforce. Meanwhile, Opel has about 7,000 workers in Spain, 4700 at Vauxhall in the UK, 5500 in Belgium, 1800 in Italy, Austria and 1600 in 1500 in France, according to GM Europe website.
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