FRANKFURT — General Motors Co.’s top European official said Friday that a plan for Opel to be unveiled next month will include a schedule to launch new models and a financial break- even target.
Nick Reilly’s comments in an official GM blog came as the U.S. automaker finalizes its restructuring plan for Opel and British sister brand Vauxhall, a program it has said will result in about 9,000 job cuts across the continent.
“We have developed a sustainable plan for the future, including a break-even target, which we expect to unveil in the middle of December,” Reilly wrote.
“That plan will involve structural costs reductions,” he added. “But importantly, it will also include new product commitments, continued investment in research and development and an aggressive schedule for new model launches.”
Reilly gave no details.
GM is in consultations with European government officials and employee representatives.
Reilly said this week that up to 60 percent of the job cuts could come from Germany, and that the future of an Opel plant in Antwerp, Belgium, is “uncertain.”
Opel and Vauxhall employ some 48,000 people in Europe, with more than 24,000 of them in Germany.
