Merkel says to do all she can to secure Opel jobs in Germany

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Merkel says to do all she can to secure Opel...
 © In-Cyprus 2018
Germany will do all it can to secure Opel plants and jobs in the country if Peugeot maker PSA buys the General Motors (GM) business, Chancellor Angela Merkel said on Friday, highlighting the political challenges the carmakers face in sealing a deal.

Her comments came as workers’ representatives at German-headquartered Opel said they were prepared to hold talks with PSA, as long as commitments to jobs and investments were upheld – some of which extend beyond 2020.

GM and PSA said this week they were in talks over a potential deal for the French carmaker to buy GM’s European arm Opel, sparking concerns in Germany and Britain of job losses. Germany accounts for about half of Opel’s 38,000 staff, while 4,500 are in Britain where Opel operates as Vauxhall.

Europe’s car industry has been dogged for years by overcapacity and analysts think cuts will be needed for a deal to make sense. Two sources close to PSA told Reuters on Thursday that job...


This article was automatically added to our system 17-2-2017

Merkel says to do all she can to secure Opel jobs in Germany


The contents of this article including any associated images are © In-Cyprus 2018
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