Automobile industry
French carmaker Peugeot is committed to respecting the salaries of Opel workers, deals with jobs.
French carmaker Peugeot is committed to respecting the salaries of Opel workers, deals with jobs.
CEO of Peugeot reaffirmed its commitment to respect existing agreements on jobs, wages and site.
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French automaker Peugeot on Wednesday promised to keep wages and job offers with workers after the planned takeover of Opel in Germany, according to a joint statement by the company, workers and government representatives.
Peugeot CEO Carlos Tavares has reaffirmed its commitment to respect existing agreements on jobs, wages and sites during a meeting in Berlin with German Economy Minister Brigitte Zypries, regional government leaders and workers.
Opel workers obtained a guarantee of employment for current owners of General Motors, which will continue until the end of 2018 and a commitment to continue to invest in German locations until 2020, among other offerings.
Half of the 35,600 Opel employees and three of its 10 factories in Germany, with the rest in five other European countries, including Britain where its cars are sold under the Vauxhall brand.
PSA, which owns the Peugeot Citroen DS and manufacturers in France, will be based on the quality of relationships with employee representatives as a key factor in the success of the company, Tavares said in the statement, promising to maintain viability long term Opel.
Opel factory representatives and IG Metall board of the powerful metalworkers were more guarded, saying they were ready to engage in discussions on the future of Opel once the recovery plans were in place.
Founded in 1862, Opel, with its lightning emblem, has long been a familiar sight on German and European routes.
But in recent years, the company has made repeated losses, costing GM Detroit-based 15 billion to 14 billion euros since 2000.
By integrating the German company in the CEO of PSA Tavares hopes to achieve large economies of scale in the group that would become the second largest European carmaker after Volkswagen.
Workers fear that the boost to the combined bottom line group to the detriment of job losses and factory closures in the future.
French carmaker Peugeot is committed to support the Opel workers employment deals with the world lead, Peugeot, French car manufacturer.