Things haven't been so good with this crisis. Enterprises are cutting more jobs each time. General Motors (GM), one of the biggest car companies announced they're cutting off about 10,000 jobs. The Canadian car parts firm Magna was making a deal to buy the European car unit Opel, but the consequence was to cut off jobs about the same number as GM. Magna's plans for job cuts at Opel and Vauxhall totalled 10,500. Final result: GM denied.
Unite, the main union at Vauxhall, which employs 5,500 people, said its task was to minimise the number of jobs lost, and to ensure they are voluntary. GM's announcement was made by its vice-president John Smith, who did not indicate where the 10,000 cuts are likely to fall. However, he said GM hoped to be able to present the details to European governments "very soon", with agreement in place with governments and unions between January and March of next year.
