Reply #41: General Motors denies report that it plans 3,000 layoffs in Europe

[UpInArms]

http://www.canada.com/businesscentre/story.html?id=8b717d9d-00b8-4e40-abb7-320c33a83294

LONDON (AP) - General Motors denied a newspaper report Wednesday that said it plans to cut 3,000 jobs in Europe to offset losses in its operations across the region.

"We didn't give out any numbers about possible layoffs," Tony Cervone, a GM spokesman based in Zurich, Switzerland, said of the report in the Daily Telegraph.

"This is pure speculation," he said in an interview.

The article cited remarks made Tuesday by Fritz Henderson, chairman of General Motors Europe, who said that GM's loss-making European subsidiary was launching a 60-day study about restructuring the business. The remarks were made at a news conference in Nice, France.

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