trending Market Intelligence /marketintelligence/en/news-insights/trending/7zwzlyxfqqoaun4zhku__q2 content esgSubNav
In This List

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


S&P Capital IQ Pro | Powering Your Edge


S&P Capital IQ Pro | Unrivaled Sector Coverage

S&P Capital IQ Pro | Powered by Expert Insights


Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud

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.