Opel to cut up to 4,100 jobs with German plants targeted

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Thread: Opel to cut up to 4,100 jobs with German plants targeted

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    Opel to cut up to 4,100 jobs with German plants targeted



    Automotive News

    PSA Group’s German car-making division Opel will cut up to 4,100 jobs, joining rivals around the globe in retrenching amid a sales slowdown and technological disruption.

    The cuts will be focused at German factories in Ruesselsheim, Eisenach and Kaiserslautern, where Opel will reopen a voluntary leave program for employees to eliminate 2,100 positions by 2025, the company said in a statement Tuesday.
    Additionally, the carmaker agreed with labor representatives to have the option to cut another 2,000 positions in two tranches through 2029, a spokesman said.

    “This agreement creates a further considerable improvement of our competitiveness,” Opel CEO Michael Lohscheller said in the statement.

    Opel also said it had decided to invest further in the Ruesselsheim plant, where it will manufacture the next generation of the Opel Astra starting in 2021 as a five-door car and from 2022 as a station wagon. It said that decision was due to improvement in the plant's performance.

    Opel’s workforce stands at roughly 30,000 employees, including more than 16,000 in Germany.
    While PSA breathed life into Opel after acquiring the company from General Motors in 2017, German brands have been struggling to prove they’re ready to meet stricter emissions standards, which are almost impossible to meet without electric cars.

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    PSA got rid of a load of 2,000 Opel design staff 2018, 700 Opel design jobs were saved that got moved absorbed into French design services company Segula, and 3,700 lost thier jobs in Germany in 2017.

    $25 billion losers Opel's Groups European market share has continued to plummet every year since they left GM, Opel left GM with $7 billions of Opel Group pension scheme debts ,to pay down as their departing present, in return PSA paid GM $2.4 billion.

    PSA now face 5.3 billion Euros European Union C02 emission fines lions share is high Opel's C02 emissions fines, so PSA want Opel to move to become high price EV car maker that is not a good idea when you have the highest paid in the world German autoworker assembling them.

    Carlos Tavares PSA CEO to his credit is not afraid of tackling very strong German trade unions unlike GM who seemed afraid done nothing to address two decades of constant multi billion losses every year, Tavares does not want high paid German Opel assembling EV with wafer thin profit margins which would be a recipe for disaster
    Last edited by Oldsmobile stopped; 01-14-2020 at 11:30 AM.
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    Re: Opel to cut up to 4,100 jobs with German plants targeted

    Originally I was opposed to the divesture of Opel, but as time goes on it proves GM made the right choice. There was no chance GM could've laid these employees off without massive strikes and vilification, though somehow it appears PSA gets a pass. Opel is a high cost manufacturer in a low cost market.

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    Re: Opel to cut up to 4,100 jobs with German plants targeted

    Quote Originally Posted by BlackGTP View Post
    Originally I was opposed to the divesture of Opel, but as time goes on it proves GM made the right choice. There was no chance GM could've laid these employees off without massive strikes and vilification, though somehow it appears PSA gets a pass. Opel is a high cost manufacturer in a low cost market.
    ...and perhaps GM realized it wasn't worth the expensive effort to meet the onerous new EU emission regs.

    If they ever choose to properly re-enter Europe it will be EV only, excepting a few rare Corvette's.
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    Re: Opel to cut up to 4,100 jobs with German plants targeted

    Quote Originally Posted by tripowergto Jan2003 View Post
    ...and perhaps GM realized it wasn't worth the expensive effort to meet the onerous new EU emission regs.

    If they ever choose to properly re-enter Europe it will be EV only, excepting a few rare Corvette's.

    Spot-on tripowergto

    High performance models need to be electric or they will be hit high EU C02 emission fines of $114 per for every gram of C02 they are over the 95g/km limit European Union limit, which is not such a bad thing the electric motors can produces bags of torque, and Cadillac that are going to offer EV versions of all models in the future will find it very easy to penetrate the very lucrative EU luxury car market like Tesla have with more of a more level EV playing field, Caddy have always struggled in past with high C02 gas guzzlers that get clobbered are out of tune with high gas prices/C02 taxes in Europe.

    Ford's v8 Mustang GT sells for $58,217 in the UK it's C02 emissions are 277g.

    277g/km - 95 g/km = 182g/km x $114 of C02 to be fined by the European Union = $20,748 EU C02 fine

    $58,217 + $20,748 EU C02 fine = $78,965 not sure if that then gets VAT tax of 20% added as well added to the EU C02 fine.

    Ford of Europe are heading for European Union C02 based fines of $2.85 billions, the Mustang may have to be axed which will be a shame, as it has been Europe's best selling sportscar straight out the box when it entered Europe, maybe Ford will just sell the Mustang e SUV only in the future.
    Last edited by Oldsmobile stopped; 01-15-2020 at 09:09 AM.
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    Re: Opel to cut up to 4,100 jobs with German plants targeted

    Quote Originally Posted by Oldsmobile stopped View Post
    Spot-0n

    High performance models need to be electric or they will be hit high EU emmions fines of $114 per for every gram they are over the 95g/km limit European Union limit

    Ford's v8 Mustang GT sells for $58,217 in the UK it's C02 emissions are 277g.

    277g/km - 95 g/km = 182g/km x $114 of C02 to be fined by the European Union = $20,748 EU C02 fine

    $58,217 + $20,748 EU C02 fine = $78,965 not sure if that includes VAT tax of nearly 20%
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    Re: Opel to cut up to 4,100 jobs with German plants targeted

    Quote Originally Posted by Oldsmobile stopped View Post
    Spot-on tripowergto

    High performance models need to be electric or they will be hit high EU C02 emission fines of $114 per for every gram of C02 they are over the 95g/km limit European Union limit, which is not such a bad thing the electric motors can produces bags of torque, and Cadillac that are going to offer EV versions of all models in the future will find it very easy to penetrate the very lucrative EU luxury car market like Tesla have with more of a more level EV playing field, Caddy have always struggled in past with high C02 gas guzzlers that get clobbered are out of tune with high gas prices/C02 taxes in Europe.

    Ford's v8 Mustang GT sells for $58,217 in the UK it's C02 emissions are 277g.

    277g/km - 95 g/km = 182g/km x $114 of C02 to be fined by the European Union = $20,748 EU C02 fine

    $58,217 + $20,748 EU C02 fine = $78,965 not sure if that then gets VAT tax of 20% added as well added to the EU C02 fine.

    Ford of Europe are heading for European Union C02 based fines of $2.85 billions, the Mustang may have to be axed which will be a shame, as it has been Europe's best selling sportscar straight out the box when it entered Europe, maybe Ford will just sell the Mustang e SUV only in the future.
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    Re: Opel to cut up to 4,100 jobs with German plants targeted

    Quote Originally Posted by Oldsmobile stopped View Post

    Ford's v8 Mustang GT sells for $58,217 in the UK it's C02 emissions are 277g.

    277g/km - 95 g/km = 182g/km x $114 of C02 to be fined by the European Union = $20,748 EU C02 fine

    $58,217 + $20,748 EU C02 fine = $78,965 not sure if that then gets VAT tax of 20% added as well added to the EU C02 fine.
    The EU CO2 fines don't work like that.

    Manufacturers must meet the CO2 emissions target of 95g/km on average on all new cars they sell across the EU. A Mustang's CO2 emissions would be offset by a Fiesta, for example. So the aim is to sell less Mustangs, and more small and/or electric cars. Since the Brexitpotamian quitlings are out of EU next month, not sure how this is to affect their car prices and emissions - the only certain thing is that their car manufacturing base will shrink significantly faster than in EU.

    Relatively expensive electric cars are a huge opportunity for car companies in Europe, but dealers and petrol stations will take a big hit over the next few years.

    Long term, with electric cars, consumers will spend less € (cars more expensive, cheaper running costs), dealers will get less € (both margins and servicing), and car companies will retain more €.

    European car companies are shedding tens of thousands staff over the next couple of years, car dealers will be the the next victim.

    Overall less and less cars will be sold in Europe each year.
    Last edited by GolfBravo; 01-16-2020 at 06:23 AM.

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    Re: Opel to cut up to 4,100 jobs with German plants targeted

    Quote Originally Posted by Neanderthal View Post
    Central Planning on its way to destroying Europe's economy.
    On its way? Europe's economy is already there! It has been stagnant for over a decade, with no signs of a true recovery. Low or no growth, low inflation, and low interest rates are the norm in Europe. And you are correct, uncontrolled centralized power (the European Union's and Europe Central Bank's very existence being prime examples) is definitely a culprit.

    Opel and Groupe PSA aren't alone in having to retrench.

    Europe is sleepwalking its way to another lost decade
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    Re: Opel to cut up to 4,100 jobs with German plants targeted

    Slashing their way to profitability!

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    Re: Opel to cut up to 4,100 jobs with German plants targeted

    ACEA European Car Sales up a massive +21.7% in December LINK


    $25 billion losers Opel Group buck market trends sales down a massive -35% in December

    2015 General Motors Opel Group ACEA December sales 69,903 No 5 best selling brand in Europe

    2019 PSA Opel Group ACEA December sales 34,847 No13 best selling brand in Europe

    Switched on VW Group 246,278 sales dumping all it's high C02 models in December, ahead of $34 billion C02 emission based fines, sales up +21.5%.
    Last edited by Oldsmobile stopped; 01-17-2020 at 11:05 AM.
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