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Germany: Opel signs restructuring deal

Opel-Vauxhall has signed an agreement regarding wide-ranging restructuring plans, reports Reuters, citing Opel labour leader Klaus Franz. The agreement is geared as saving €265m (US$323m) in yearly wage costs through 2014. Although it calls for job cuts across Europe, an exact figure has not yet been released. A tentative deal was It’s time to log … Continued

Opel-Vauxhall has signed an agreement regarding wide-ranging restructuring plans, reports Reuters, citing Opel labour leader Klaus Franz. The agreement is geared as saving €265m (US$323m) in yearly wage costs through 2014. Although it calls for job cuts across Europe, an exact figure has not yet been released.

A tentative deal was

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