Reprieve for German Opel

Advanced Search

The story appears on

Page A5

February 20, 2017

GET this page in PDF

Free for subscribers

View shopping cart

Reprieve for German Opel

Source: AFP | February 20, 2017, Monday |

Print Edition

FRENCH automaker PSA has pledged to keep Opel plants in Germany running if a planned merger goes forward, and to refrain from layoffs until at least 2019, a newspaper report said yesterday.

PSA, the parent company of France’s Peugeot, Citroen and DS, has confirmed it is interested in taking over Opel, the German arm of US giant General Motors.

But the plans have sparked fears in Germany that Peugeot will cut jobs that overlap with existing positions in France.

Bild am Sonntag newspaper reported that Olivier Bourges, who sits on PSA’s executive committee, had assured German officials at a meeting at Chancellor Angela Merkel’s office that contracts would be honored. They stipulate redundancies would be ruled out until the end of 2018.

Business Auto

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Reprieve for German Opel

Email this to your friend