Opel will launch a massive, company-wide voluntary redundancy program and begin to shrink its workforce across Germany.
The company made the announcement on Tuesday and said the redundancy program will span every department. The program follows 650 job cuts in the United Kingdom at Vauxhall and reports that 100 Vauxhall dealers will close over the next 12 months. PSA Groupe has consistently worked to cut costs since acquiring both brands last year from General Motors.
“Step by step, we are building a sustainable future for our company in Germany through enhanced competitiveness like we are doing currently across Europe,” says Opel CEO Michael Lohscheller. The voluntary leave program is in line with the brand’s restructuring plan objective to avoid forced redundancies and plant closures.