Opel
The refurbishment concept for the car manufacturer stands.
Hamburg works council and management of Opel have agreed on the reorganization of the loss-making car manufacturer. As part of the compromise agreed on Tuesday, the French parent company PSA says Peugeot Citroën Investments in new models and the utilization of the works too. In return, the works council cleared the way for the removal of 3,700 jobs requested by PSA.
The dismantling should take place exclusively on a voluntary basis through partial retirement, early retirement and redundancy payments, the total works council announced. For all other employees a protection against dismissal was agreed until the summer of 2023.
The union IG Metall had threatened to aggravate the conflict if employment in the three German plants in Rüsselsheim, Kaiserslautern and Eisenach were not secured beyond 2020. Peugeot had made concessions to the workforce for new models and products. PSA boss Carlos Tavares wants the chronically deficient brand with the flash and her British sister Vauxhall leading out of the red by 2020.
Recently, both sides had argued violently about a severance program. The works council threw the OpelManagement before, with a clear cut in Germany to risk the future of Opel. Then Opel suspended the voluntary redundancy program to get the talks going again.
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PSA had Opel last year General Motors accepted. The Group has agreed not to close any plants in Germany and to waive redundancies. Already under the American parent company, thousands of jobs had been cut and the vehicle factories in Bochum and Antwerp closed. Opel has been in the red for almost 20 years.
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