Opel to chop as much as 4,100 jobs by 2029
PSA Group’s German division Opel will reduce as much as 4,100 jobs, becoming a member of rivals across the globe in retrenching amid a gross sales slowdown and technological disruption.
The cuts will probably be targeted at German factories in Ruesselsheim, Eisenach and Kaiserslautern, the place Opel will reopen a voluntary go away program for workers to remove 2,100 positions by 2025, the corporate said in a statement Tuesday.
Moreover, the automaker agreed with labor representatives to have the choice to chop one other 2,000 positions in two tranches by way of 2029, a spokesman stated.
“This settlement creates an additional appreciable enchancment of our competitiveness,” Opel CEO Michael Lohscheller stated within the assertion.
Opel additionally stated it had determined to speculate additional within the Ruesselsheim plant, the place it’ll manufacture the subsequent technology of the Opel Astra beginning in 2021 as a five-door automobile and from 2022 as a station wagon. It stated that call was attributable to enchancment within the plant’s efficiency.