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. Last Updated: 07/27/2016

Opel Seen to Cut Jobs

FRANKFURT, Germany -- Adam Opel AG, the loss-making German subsidiary of General Motors Corp., plans to cut 4,000 jobs at its Bochum, Germany plant by 2004 in a bid to cut costs, a company source said Monday.

Opel management presented its supervisory board with plans to reduce its 14,100-strong work force at the Bochum plant, which produces the Astra and Zafira models, last month, a company source said.

Opel, a subsidiary of the world's biggest automaker, aims to trim its costs and to reduce its work force by acquiring an increased number of components from outside suppliers, the source said.

Overcapacity in the industry was driving the company toward new restructuring measures, the source said.