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Opel Employees in Spain Accept Wage Freeze
Hourly workers at Opel's assembly plant in Zaragoza, Spain, have ratified a new five-year contract with the General Motors Co. unit by a two-thirds margin.
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Hourly workers at Opel's assembly plant in Zaragoza, Spain, have ratified a new five-year contract with the General Motors Co. unit by a two-thirds margin.
The new pact, 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. The company also agreed to make 600 temporary workers at the Zaragoza factory permanent within two years.
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