Opel plans to cut up to 4,100 jobs, report says


Opel plans to cut as many as 4,100 jobs, according to a person familiar with the matter, joining automakers around the globe in restructuring amid a sales slowdown and technological disruption.

The automaker will eliminate at least 2,100 positions by 2025 and could take measures to cut another 1,000 workers twice in two-year increments through 2029, said the person, who asked not to be identified ahead of an official announcement.

Opel will brief employees on Tuesday, the person said.

A spokesman for parent PSA Group declined to comment.

While PSA breathed life into Opel after acquiring it from General Motors in 2017, German brands have been struggling to prove they are ready to meet stricter emissions standards and go electric. Transitioning from the internal combustion engine could be taxing for the German economy because full-electric cars require fewer parts and less labor to build.

Automakers are eliminating more than 80,000 jobs during the coming years, according to data Bloomberg News compiled in December.

PSA announced plans late last year to merge with Fiat Chrysler Automobiles and has said no plants will close as a result of the deal.

German newspaper Handelsblatt reported Opel’s plans to cut jobs on Monday.

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