GM Europe hits 2005 target for German job cuts

Newswire

FRANKFURT, Feb 25 (Reuters) - General Motors confirmed on Friday that plans to cut jobs at its loss-making European operations were on track as workers at German unit Adam Opel take voluntary redundancy packages. It said 4,500 staff had taken voluntary severance pay so far, including 2,700 at its Ruesselsheim site, 1,500 in Bochum and 300 in Kaiserslautern. "Thus the target for 2005 has been reached," Opel said in a statement, noting it had been able to avoid forced layoffs or plant ...

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