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Industry: Email Alert RSS FeedOpel accelerates turnaround project.
Automotive News Europe, January, 2002 by Ostle, Dorothee
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DETROIT - The next step in Opel's Olympia turnaround project will begin four months earlier than originally planned, Opel Chairman Carl-Peter Forster said.
The acceleration was prompted by last quarter's difficult economic situation and the prospects of a tough 2002.
The new measures include making earlier reductions in capacity and administrative work force than previously planned.
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"We had a detailed plan for the capacity reduction laid out in our Olympia turnaround program, and agreed with the works council," Forster said. "The market situation makes it ...
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