trending Market Intelligence /marketintelligence/en/news-insights/trending/7zwzlyxfqqoaun4zhku__q2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Opel plans to transfer 2,000 workers to France's Segula

Amazon e-commerce sales soar amid COVID-19

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Opel plans to transfer 2,000 workers to France's Segula

Peugeot SA-owned automaker Opel said Sept. 5 that it is proposing to enter a strategic partnership with French engineering company Groupe Segula Technologies SA to protect around 2,000 jobs at its research and development center in Rüsselsheim, Germany, amid a workload decrease at the plant.

Opel's proposal is aimed at establishing a European engineering campus and center of excellence at the Rüsselsheim site that would go beyond the automotive sector and include fields like rail and energy. If Segula Technologies agrees to the partnership, it will take over the vehicle and propulsion engineering facilities of Opel in the German plant and absorb the affected employees.

"Our duty and priority as a responsible management team has been to work hard on a project to safeguard highly qualified engineering jobs here in Rüsselsheim, while continuing to proudly develop our Opel future models and perform the tasks of the 15 Centers of Competence for the entire Groupe PSA," Opel CEO Michael Lohscheller said in a statement.

Segula is willing to continue the protection against dismissal until July 2023, the automaker said.

The potential partnership is subject to further negotiations with Segula, Opel's other social partners, as well as the approvals of various bodies including Opel's supervisory board.