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GM Workers in Spain Agree to Wage Freeze
Hourly employees at Opel's assembly plant in Zaragoza, Spain, have ratified a new five-year labor pact with the General Motors Co. unit by a two-thirds margin.
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Hourly employees at Opel's assembly plant in Zaragoza, Spain, have ratified a new five-year labor pact with the General Motors Co. unit by a two-thirds margin.
The new contract, which aims to boost the facility's competitiveness, is part of Opel's restructuring to stem years of losses.
Under the deal, the factory's more than 6,000 employees accept a two-year wage freeze, the reduction of some current bonuses and changes to make work rules more flexible. In 2015, pay could rise as much as 1.5% and will thereafter be tied to GM's European profits.
In exchange, Opel has committed to future investment and the allocation of unspecified new models to the plant, which currently makes the Corsa supermini and Meriva small MPV.
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