The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
3,600 jobs Number of planned job losses
Announcement Date
19 April 2018
Employment effect (start)
19 April 2018
Foreseen end date
19 April 2020
Description
The car manufacturer Opel has announced it will cut approximately 3,600 jobs in Germany within the next 2 years. In Rüsselsheim 2,700 of 7,700 jobs will be cut and in Eisenach 900 of 1,800. This is a shock for most employees as the new French owner PSA had agreed to waive operational terminations until 2020. However, PSA is pressuring Opel to reduce its costs drastically. In December 2017, Opel presented PSA with various job reduction programmes (e.g. early retirement programmes and voluntary compensations), but no agreement was reached. PSA, Opel, the works’ council and the German Metalworkers’ Union are continuing negotiations in order to find a long-term solution.
Sources
19 April 2018: Die Zeit (online)
24 April 2018: Augsburger Allgemeine (online)
Citation
Eurofound (2018), Opel, Internal restructuring in Germany, factsheet number 93886, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93886.
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