Opel in Rüsselsheim
The dispute over company pensions has been settled.
(Photo: imago / Jan Huebner)
Rüsselsheim At the car manufacturer Opel, the management and works council have settled their dispute over company pensions for around 15,000 employees. According to a joint communication to the workforce, the Opel parent company Stellantis undertakes to pay interest on future deposits of at least 3.25 percent. This rate may rise if the related Euribor rate recovers.
This does not affect the older deposits, for which an average interest rate of 5 percent applied, which Opel alone had guaranteed. For long-term employees, the options have also been expanded to choose between one-off and installment payments as well as an annuity of the capital. In the future, employees will be able to pay in for their company pension using deferred compensation. The management also undertook not to make any deviations from the company pension scheme for the next three years.
While the employee representatives had spoken of low fixed amounts and cuts of around 80 percent at the beginning of the negotiations, the group works council chairman Bernd Lösche was now satisfied: “This agreement will bring security to the employer-financed pension scheme for Opel employees for many years to come. The comparatively high level of the Opel pension scheme was guaranteed for all employees. ”
Opel HR manager Ralph Wangemann welcomed the agreement: “With the new system we ensure that our employees continue to benefit from attractive conditions while the company can position itself even more competitively.” Opel has larger locations in Rüsselsheim, Eisenach and Kaiserslautern.
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