10,500 Opel jobs in Europe could be cut:
As many as 10,500 Opel jobs in Europe could be cut, including nearly half of them in Germany, the co-chief executive of Magna International Inc. said Monday- a move likely to draw strident criticism in countries where the automaker has operations.
The Organization for Economic Co-operation and Development said unemployment may have peaked in the OECD area in May 2010, but that nations in the region will have to create about 17 million news jobs to return employment levels back to where they were before the financial crisis.