Opel agrees job guarantees, investments at German sites

Record ID: 1119337

  • Title: Opel agrees job guarantees, investments at German sites
  • Date: 30th May 2018
  • Summary: RUESSELSHEIM, GERMANY (MAY 30, 2018) (REUTERS) ****WARNING CONTAINS FLASH PHOTOGRAPHY*** VARIOUS OF OPEL CAR VARIOUS OF OPEL CHIEF EXECUTIVE MICHAEL LOHSCHELLER STEPPING IN FRONT OF MICROPHONES NEXT TO OPEL CAR CAMERA CREWS (SOUNDBITE) (German) OPEL CHIEF EXECUTIVE, MICHAEL LOHSCHELLER, SAYING: "We are keeping all our production sites in Germany, in Europe and we will make
  • Embargoed: 13th June 2018 12:32
  • Keywords: maker autos plant closure Opel guarantees job cuts Peugeot Citroen PSA cars
  • Location: RUESSELSHEIM, GERMANY / GENEVA, SWITZERLAND
  • City: RUESSELSHEIM, GERMANY / GENEVA, SWITZERLAND
  • Country: Germany
  • Topics: Company News Markets,Economic Events
  • Reuters ID: LVA0018I2798T
  • Aspect Ratio: 16:9
  • Story Text: German labour leaders on Tuesday (May 29) agreed with PSA Group's Opel unit on an investment plan and job guarantees for German factories in return for wage concessions.
    PSA Group, which bought Opel from General Motors for $2.6 billion last year, is aiming to restore profitability by 2020 after two decades of losses at the unit.
    Workers at German production sites in Ruesselsheim, Kaiserslautern, Eisenach, Dudenhofen and Bochum will have their jobs guaranteed until July 2023 and investments have been budgeted for each site, according to a joint statement by the company, its works council and trade union IG Metall.
    In return, the labour side agreed for pay rises under an industry-wide collective bargaining agreement to be delayed until 2020.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2018. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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