International - Opel/Vauxhall reaches Europe-wide restructuring agreement
2010
June
4 p.
European works council ; framework agreement ; industrial restructuring ; automobile industry ; multinational enterprise ; redundancy
Austria ; Belgium ; Germany ; Hungary ; Poland ; Sweden ; Spain
Collective bargaining
English
"Opel/Vauxhall reached a framework agreement with its European Works Council in May 2010 to accompany a major Europe-wide restructuring programme, involving more than 8,000 job losses. The deal contains detailed investment and production commitments by the automotive multinational, along with substantial savings in labour costs."
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