Belgium: GM Closes Antwerpen Plant - 2600 workers without a job

GM is closing its Antwerpen plant in Belgium and  this move will cost 2600 workers their job.

In response to the slowdown in the European car market, Opel is trying to reduce capacity by about 20%.

The car market in Western Europe in 2010 is expected to be 1.5 million vehicles below 2009 levels and nearly 4 million below peak sales in 2007, GM said.

"It is not expected to return anytime soon -- if ever -- to these peak levels, resulting in significant overcapacity in general and at Opel in particular," the company said in a statement.

For more: GM will close Opel plant in Antwerp - MarketWatch