Company/Organisation:
Opel
Geographic Location
Country:
Germany
Company
Sector:
Manufacturing
Manufacture of transport equipment
29.1 - Manufacture of motor vehicles
Number Employed:
12000
Group:
PSA
Employment Effects
Announcement Date:
13-01-2020
Planned Job Reductions min:
4100
Planned Job Reductions max:
4100
Type of Restructuring:
Internal restructuring
Employment Effect Start:
13-01-2020
Foreseen End Date:
31-12-2023
Other Job Reduction Measures:
4100
Additional Information
As announced on 13. January 2020, the automobile manufacturer Opel plans to cut 4,100 jobs, in Germany, until 2023 due to internal restructuring. Management announced that cuts are necessary to secure the company’s long-term future and specifically mentioned transformation of the automobile market and the planned merger with Fiat-Chrysler for other reasons. The job reduction will be staggered into 3 phases and will offer remaining employees protection against dismissal:
- Opel will cut 2,100 jobs until the end of 2021 - in return employees are protected against dismissals until 2025.
- In 2022 Opel will undergo a further reduction of 1,000 jobs which will result in an extension of the protection against dismissal until 2027
- In 2023, Opel plans to cut a further 1,000 jobs which will prolong the protection against dismissal until 2029.
According to Opel, the job reduction will be as socially acceptable as possible. Opel will offer volunteer programmes and early-retirement programmes.
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