FRANKFURT (Reuters) - Germany’s Opel on Tuesday said it will start offering voluntary buyouts to staff as a way to improve the competitive position of its German operations.
“Step by step, we are building a sustainable future for our company in Germany through enhanced competitiveness like we are doing currently across Europe,” Opel Chief Executive Michael Lohscheller said in a statement.
Opel’s works council last week demanded “constructive proposals” from parent PSA (PEUP.PA) after German sites were excluded from a sweeping investment plan, pending the outcome of further talks with labour representatives.
Opel said it wanted to avoid compulsory redundancies and factory closures.
Reporting by Edward Taylor; Editing by Arno Schuetze