PSA Group: voluntary redundancies at Opel
(CercleFinance.com) - PSA Group, the French carmaker, announced yesterday the start of a voluntary redundancy plan at its newly acquired German subsidiary Opel.
The group said in a statement that an attractive severance package will be offered to Opel employees in all regions of Germany, following retirement and early retirement measures that have been implemented since December.
Opel's CEO, Michael Lohscheller believes that the German group's competitiveness will improve as a result. He pointed out that this voluntary departure plan is part of the strategic program entitled "Pace!" and aims to avoid forced redundancies and plant closures.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The group said in a statement that an attractive severance package will be offered to Opel employees in all regions of Germany, following retirement and early retirement measures that have been implemented since December.
Opel's CEO, Michael Lohscheller believes that the German group's competitiveness will improve as a result. He pointed out that this voluntary departure plan is part of the strategic program entitled "Pace!" and aims to avoid forced redundancies and plant closures.
Copyright (c) 2018 CercleFinance.com. All rights reserved.