SCENARIOS-What options is German govt considering for Opel?

Newswire

BERLIN, Feb 27 (Reuters) - Stricken U.S. carmaker General Motors unveils a restructuring plan for its German Opel unit on Friday which Chancellor Angela Merkel's government has been waiting for before deciding on what aid to grant the firm. The plan could include thousands of job cuts and possible factory closures [ID:nLR307222]. Opel, hit by a slump in demand due to the global downturn, needs about 3.3 billion euros to keep afloat to the end of 2011, a company source said last week. ...

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