Opel extends deadline for voluntary redundancies

Newswire

FRANKFURT, Jan 21 (Reuters) - General Motors' German unit Adam Opel AG has extended until Feb. 18 the deadline for staff to take voluntary redundancy packages the carmaker has offered in a bid to cut costs, a labour leader said on Friday. High-wage Germany is taking the brunt of GM's job cuts in Europe, where it has not made a profit since 1999 and where it has forecast another $500 million loss in 2005. It is cutting 12,000 jobs in all over two years, 10,000 of them in Germany. Opel ...

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