Mexican Media Brands
Opel Offers New Buyout Plan for All Employees in Germany
PSA Group’s Opel unit is introducing a new severance package offer for all its employees in Germany in an effort to further reduce its headcount and lower operating costs.
#labor
Share
PSA Group’s Opel unit is introducing a new severance package offer for all its employees in Germany in an effort to further reduce its headcount and lower operating costs.
The package, which Opel did not describe in detail, supplements partial retirement and early retirement programs implemented by the company in December.
PSA has complained since acquiring Opel from General Motors Co. in August that the company’s factories are far less efficient than PSA’s plants in France. PSA underscored the need for reform by excluding German facilities in a European powertrain investment plan unveiled last week.
PSA said at the time that it would invest in plants and products in Germany, but only if it can negotiate “competitive structures.” Opel’s works council responded by demanding “constructive proposals” from PSA.
RELATED CONTENT
-
CEO Barra Steps into GM-UAW Talks
General Motors Co. CEO Mary Barra met secretly with United Auto Workers union leaders yesterday afternoon, according to the New York Post, which first reported the event.
-
UPDATE: Unifor Ratifies GM Labor Pact by 86% Margin
Hourly workers at General Motors Co.’s CAMI assembly plant in Ingersoll, Ont., will vote today whether to accept an agreement to end a strike they began on Sept. 17.
-
GM Unit Stresses Driver Training in Autonomous Cars
General Motors Co.’s Cruise Automation unit says it puts backup drivers and auditors through extensive training before allowing them to participate in real-world autonomous vehicle tests.