March 27, 2018 / 11:52 AM / 24 days ago

Opel starts voluntary job cut plan, to avoid factory closures

FRANKFURT, March 27 (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 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)

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