GM prepares tough revamp of European units / Renault warns of cost from ‘desperate moves’

General Motors said for the first time on the 16 February 2012 that it was preparing a tough new restructuring plan for Opel / Vauxhall after its European business reported a large annual financial loss that the Detroit carmaker described as 'simply unacceptable'.

ESO: Background information: GM set for clash with European unions / Unions revved up by rumoured cuts at GM's European division http://www.europeansources.info/record/gm-set-for-clash-with-european-unions-unions-revved-up-by-rumoured-cuts-at-gms-european-division/

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