French carmaker PSA Group's Opel unit will start short-time work shifts at ...
FILE PHOTO: The Opel development centre is pictured in Ruesselsheim, Germany July 5, 2018. REUTERS/Ralph Orlowski/File Photo
BERLIN - French carmaker PSA Group’s Opel unit will start short-time work shifts at its German Ruesselsheim plant for six months, it said on Tuesday, as a part of a cost-cutting scheme PSA has implemented for Opel. “Short work should start this month for six months,” an Opel spokesman said, adding that the future of the plant would be secured in the long term with the production of the Opel Astra model from 2021.
PSA bought Opel and its British sister brand Vauxhall from General Motors in 2017 in a $2.6 billion deal, saying it aimed to make Opel profitable by 2020. The savings from the integration of Opel-Vauxhall contributed to a PSA record profit in the first half of 2019, standing out against profit warnings from peers such as Daimler (
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What Do Method Man, RuPaul & Michael Bolton Have in Common? Watch This 'John Oliver' PSA to Find OutMethod Man, Michael Bolton and RuPaul might not seem linked on first glance, but all of their names have been used as fictional patients on New England Compounding Center (NECC) prescriptions. On the latest episode of HBO's Last Week Tonight With John Oliver, the host brought the “glorious, random group of people” together for his segment on compounding pharmacies.
Read more »
Too Short Becomes Dad for First Time at Age 53Too Short becomes a dad for the first time at age 53.
Read more »
Stella McCartney Hosted a Preshow Sustainability RoundtableShe called on the media to highlight responsible brands, start-ups working towards innovative materials, and those working to curb the industry’s carbon emissions.
Read more »
What are those glowing red cubes outside MOCA? Meet Larry Bell's latest workThe Museum of Contemporary Art commissioned Larry Bell to create new light sculpture for its outdoor plaza — work that shifts with the sun.
Read more »
McDonad's New P.L.T. Is Almost Vegan and Only Canada Gets to Try ItVegans and vegetarians can start 'loving it,' because on Thursday, McDonald's announced it's teaming up with Beyond Meat, offering a new plant-based
Read more »
23 Back and Shoulder Exercises for a Strong Upper BodyBonus: Most of these exercises work other areas at the same time. I'm here for the efficiency.
Read more »