General Motors’ loss-making European division is to cut 12,000 jobs in a bid to save £347m a year.
The redundancies will affect one fifth of the car manufacturer’s workforce, with 10,000 positions going at Opel plants in Germany, GM announced today.
The rest of the jobs will be lost at Ellesmere Port in the UK, and sites in Belgium, Spain and Sweden.
GM said about 15 per cent of managerial positions would be cut but none of its 11 plants would be closed.
The company, which hopes to avoid compulsory redundancies, said agreements are currently being negotiated with workers in UK and other countries.