PSA Opel: Seitz negotiates fundamental agreement with IG Metall and General Works Council on merger with FiatChrysler by 2029

Opel and Seitz have reached a fundamental agreement with IG Metall and the General Works Council on the future of the company until 2029.

Opel and Seitz have reached a fundamental agreement with IG Metall and the General Works Council on the future of the company until 2029.

In view of the merger of Opel's parent company Peugeot S.A. with Fiat Chrysler and in view of the new CO2 regulations, which will lead to major changes in the entire automotive industry, a long-term package of measures is intended to further strengthen Opel's competitiveness.

Among other things, the agreement provides for a workforce reduction of 4100 employees by 2029, an extension of the collectively agreed job protection until at least mid-2025, and millions of euros in investments for the production of the Astra and the EMP2 platform in Rüsselsheim.

Opel CEO Michael Lohscheller praises the deal: "With this agreement, we are ensuring a further significant improvement in our competitiveness. Securing jobs until 2025 is a strong signal".

The current agreement is a further milestone in the successful conversion of Opel following the takeover by Peugeot. Together with a German-French in-house team, Seitz signed an initial framework agreement for Opel in December 2017 with measures to leverage synergies within Groupe PSA.
Im Juni 2018 konnte dann ein weitreichendes Sanierungspaket mit einem Personalabbau von 3700 Beschäftigten, Investitionen in Milliardenhöhe und umfangreichen Tarifeinsparungen abgeschlossen werden. Im Jahr 2018 hat Opel nach fast 20 Jahren Verlust dann erstmals wieder einen operativen Gewinn in Höhe von 859 Millionen Euro erwirtschaftet.

Among other things, 2019 was successfully used to implement the strategic partnership with the engineering service provider Segula, which affected 2000 jobs, and to create a national sales center for the PSA Group in Germany. According to media reports, this all in all means that since the start of the restructuring program PACE! at the end of 2017, Opel has almost halved its workforce from 19,000 employees.

Advisors PSA/Opel: Seitz – Dr. Stefan Seitz Partner Labor Law, leading), Dr. Maximilian Schmidt (project management), Shirin Imani, Dr. Stephan Pötters, LL.M.

Inhouse: Ralph Wangemann (Labor Director of Opel), Till Oberschäfer (Head of HR at the Rüsselsheim site), Franck Bernard (Directeur Relations Sociales Internationales PSA Group)

Advisors to works councils/IG Metall: Apitzsch Schmidt Klebe – Wolfgang Apitzsch (Partner Labor Law, leading), Prof. Dr. Marlene Schmidt (Partner Labor Law), Luci Crone (Associate Labor Law).


Sources:

Juve, „Sparzwang: Französische Gleiss-Mandantin übernimmt Opel-Entwicklungszentrum“

Juve, „Verlegung: Kölner Arbeitsrechtler verhandeln beim Peugeot-Umzug nach Rüsselsheim“

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