Opel Announces Company-Wide Voluntary Redundancy Program
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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.
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GM over-staffed European operation. This was, in part, due to GM Europe playing an outsized role in global operations with Opel never getting proper compensation via licencing fees.
PSA has great management. I expect good things.
I hope as a GM fan we never hear the word Opel ever again!
I hope as an Opel fan we never hear the word GM ever again!
Certainly the good people at Opel feel the same.
Opel is junk! I am glad they are gone
Brian, Opel will be linked to GM until Regal is discontinued.
Opel will always be of interest to a GM follower. You treat GM like a favorite football team.
You are exactly right! It’s called loyalty! Something most people do not have!