News GM plans 10 ,000 job cuts at Opel

General Motors said Wednesday it wanted to cut around 10 ,000 jobs at its European division Opel a day after the US car maker stunned the auto sector by scrapping plans to sell the German- based unit. GM wants to slash costs by 30 percent at Opel, which would mean the elimination of about 10 , 000 jobs from a workforce of 55 ,000 , GM vice president John Smith told European journalists during a telephone news conference. General Motors said Tuesday it was abandoning a project to sell Opel to Canadian auto parts manufacturer Magna International and state- owned Russian bank Sberbank, saying it would implement its own restructuring at the unit.