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All-Clear for Opel Site in Vienna

Published: February 21, 2012; 19:37 · (Vindobona)

Although the German automobile producer faces serious troubles, the Viennese factory is not endangered to cut jobs.

All-Clear for Opel Site in Vienna / Picture: © Adam Opel AG

The German headquarter of Opel announced losses of € 462m for the business year 2011. As the automobile industry recorded high profits last year, this is regarded as abnormal.

As a result, the subsidiary of the General Motors may face radical cost-cut programs again. “Opel is under enormous cost pressure. The capacities are much too high. Of course, this also affects the site…

This article includes a total of 315 words.

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