GERMANY: Opel in extended Xmas break
Quoting a company press spokeswoman, Dow Jones reports that due to fluctuating demand, the plant will remain closed from Christmas Day to January 9 whereas the site would normally cease production from Christmas through to New Year's Day. The spokeswoman refused to comment on the actual extent of the production decrease.
Opel's press spokeswoman also scotched persistent market rumours that Chairman Robert Hendry may step down before the end of this year, saying that Mr Hendry plans to fulfil his contract.
The supervisory board of Opel - which is expected to post an operating loss this year - is meeting Tuesday (28/11/00), says Dow Jones.