Opel CEO Demant and works council leader Franz pose during a news conference in Ruesselsheim
Hans Demant, CEO of General Motors' Opel brand, and Klaus Franz (L), leader of the Opel works council, pose during a news conference at the Opel headquarters in Ruesselsheim near Frankfurt December 9, 2004. General Motors confirmed on Thursday it would cut 12,000 jobs in Europe over two years -- around a fifth of its workforce in the region -- to lop 500 million euros ($673 million) from its fixed costs. The step aims to address chronic losses in Europe by the world's biggest carmaker, which has not made a profit here since 1999 and sees no quick upturn in a market by sluggish sales and intense pricing pressure.
Image available for editorial use, pre-approval required for all other uses.
Content may not be substantially altered without pre-approval from provider.
May not credit Reuters for commercial, political, or advertising usage.
Reuters images are available for licensing to and for use by third parties in the United States, United Kingdom, Canada, Germany, and Belgium only.
Not available for distribution, sale, or license by Corbis' international representatives.
Uncompressed file sizes and pixel dimensions are approximate. Grayscale images are 1/3 the file size of RGB files. Files downloaded directly from the website are compressed JPEG format. You may request a TIFF file, if available, or a larger interpolated size for your output needs. Please contact Customer Service for associated production fees.