Opel will cut up to 4,100 jobs, joining rivals around the globe in retrenching amid a sales slowdown and technological disruption.
The cuts will be focused at German sites in Ruesselsheim, Eisenach and Kaiserslautern, where Opel will reopen a voluntary leave program for employees to eliminate 2,100 positions by 2025, the company said in a statement Tuesday.
Additionally, the carmaker agreed with labor representatives to have the option to cut another 2,000 positions in two tranches in the coming years, a spokesman said.
“This agreement creates a further considerable improvement of our competitiveness,” Opel Chief Executive Officer Michael Lohscheller said in the statement. The company will also invest more money into the Rüsselsheim plant.
Opel Targets German Plants to Cut 4,100 Jobs and Revamp Business
PSA Group’s German car-making division Opel will cut up to 4,100 jobs, joining rivals around the globe in retrenching amid a sales slowdown and technological disruption.
www.bloomberg.com
As many of us predicted,majorty of workforce reduction will center around Britain and Germany.